The Indian auto industry is currently experiencing an unprecedented boom in demand for any types of vehicles. This boom have been triggered mainly by two factors: * Increase in disposable incomes and standards of living of middle course Indian people estimated to be as many as several million in number; and * The Indian government's liberalization steps such as leisure of the foreign exchange and value regulations, lowering of tariffs on imports, and banking liberalization which includes fueled financing-driven purchases.
Market observers anticipate that traveling vehicle revenue will three-way in five years to about six million, and since the market increases and client's purchasing talents rise, you will see greater with regard to higher-end types which presently constitute only a tiny fraction of the market. These types of trends possess encouraged various multinational auto manufacturers from The japanese, U. S i9000. A., and Europe to the American indian market primarily through joint ventures with Indian firms. This daily news presents an intro to the automotive scenario in India, the real key players in the Indian automotive industry, a summary of the recent developments, an examination of the possibilities and problems facing the different players (Indian and multi-national assemblers and manufacturers) in the areas of, development, and sales, domestic consumption, exports and contribution to labor work. It also aims to elucidate the challenges and threats experienced by the vehicle industry to India and thereby recommend the key regions of improvement and analyze the continuing future of the Market in India. Further it attempts to draw correlations between the domestic consumption of cars and domestic usage of stainlesss steel, aluminum, auto tyres. Relationship between home consumption of cars and price of petrol and diesel is additionally drawn. There may be correlation among domestic usage of autos and length of roads too.
NO . | CONTENTS| SITE NO .
1| INTRODUCTION| six
2| BOOKS REVIEW| 8-22
| SECTOR BACKGROUND| almost 8
| HISTORY AND EVOLUTION OF AUTOMOBILES IN INDIA| 9
| ADVANCEMENT OF AUTO INDUSTRIES| 15
| HOUSEHOLD SALES| 14
| INDIAN AUTOMOTIVE CLUSTERS| 11
| SWOT ANALYSIS| 12
| INDIA ADVANTAGE| 14
| MAJOR CHALLENGES| 15
| GOVERNMENT GUIDELINES AND REGULATORY FRAMEWORK| 17
| OPPORTUNITIES| 19
| INDIA- GROWING R& D DESTINATION| twenty
| INDIA AS MANUFACTURING HUB| twenty
| EMPLOYEMENT GENERATION POTENTIAL OF THE AUTO INDUSTRY| 21| 3| STUDY METHODOLOGY| 23-28
4| INFO ANALYSIS| 29-34
5| FINDINGS AND RECOMMENDATIONS| 35-36
| FINDINGS| 35
| RECOMMENDATIONS| 36
6| CONCLUSION| 37-38
| LIMITATIONS| 37
| FUTURE SCOPE| 38
7| ANNEXURE| 39-58
8| BIBLIOGRAPHY| 59-60
The automobile sector is a crucial player in the global and Indian economic climate. The global automobile industry (four-wheelers) contributes five per cent straight to the total making employment, 12. 9 % to the total manufacturing production value and 8. a few per cent to the total industrial investment. It also contributes US$560 billion to the public earnings of different countries, in terms of fees on gasoline, circulation, sales and registration. The gross annual turnover of the global automobile industry is about US$5. 09 trillion, which is equivalent to the sixth major economy on the globe (Organisation Internationale des Constructeurs d'Automobiles, 2006). In addition , the auto industry is linked with several other sectors in the economy and therefore its indirect contribution is significantly higher than this kind of. All over the world it is treated like a leading financial sector for its extensive economical linkages. A rapidly growing middle class, rising per capita incomes and relatively easier availability of financial have been driving a car the vehicle require in India, which in turn, offers prompted the us government to invest by unprecedented amounts...
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