Indian Automobile Industry

ndustry background Driving the most luxurious car has been made realizable by the stiff competition in the travel application in India, with overseas players gathering the same momentum as the domestic participants. Every other day, we have been hearing near some new launches, some low cost cars exclusively customized in a macrocosmner such that the common man is not left behind. In 2009, the automobile application is judge to see a growth rate of around 9%, with the disclaimer that the auto industry in India has been hit bad by the ongoing global financial crisis. The automobile industry in India happens to be the ninth largest in the world. Following Japan, atomic number 16 Korea and Thailand, in 2009, India emerged as the fourth largest exporter of automobiles. Several Indian automobile manufacturers have spread their operations globally as well, enquire for more investments in the Indian automobile sector by the MNCs. Potential of the Automobile industry In 2008, Hyundai Motors alone exported 240,000 cars made in India. Nissan Motors plans to export 250,000 vehicles manufactured in its India plant by 2011. equivalent plans are for General Motors.

Turnover of Automobile Manufacturers(In USD Million) Year In USD Million 2002-03 14,880 2003-04 16,544 2004-05 20,896 2005-06 27,011 2006-07 34,285 The figures show that the automobile sector in India has been growing robustly. The foodstuff shares of the different types of vehicles will clearly depict the demand practice in this sector. Domestic Market Share for 2008-09 Passenger Vehicles 15.96% commercialised Vehicles 3.95% Three Wheelers 3.6% Two Wheelers 76.49% by OKADA Aya and N.S. Siddharthan April 2007 ABSTRACT This study analyzes the patterns of agglomeration of some new(a) manufacturing sectors in India, and in particular the Indian automobile sector. It in any case examines and contrasts the factors that have led to different patterns of cluster development in two leading auto clusters in... If you want to get a full essay, order it on our website: Orderessay

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