Automobile Industry in India

FRA PROJECT Deliverable 1: sedulousness: motor auto (4-wheeler) Industry Manufacturing industriousness has been contributing about 14-16% to GDP of India and Automobile parable is a major contributor to the Manufacturing sector. The intentness has exhibited robust ontogenesis of 15-35% (in respective(a) segments of mercenary and passenger vehicles) in the last 5 period and is a cyclical industry. It is overly a monopolistic industry dominated by Maruti Suzuki, Tata motors, Hyundai and Mahindra and Mahindra in the passenger vehicles and Eicher, Ashok Leyland and Tata Motors in the commercial message vehicles industry. Entry of foreign players has changed the dynamics of the industry. Contribution to GDP 2006 5.20% 2010 7.20% 2016 (Estimated) 10.40% The Indian Automobile Industry produced 8.5 billion vehicles in 2004-05 amounting to around USD 25 billion. During the financial year 2005-06, Indian Automobile Industry produced to a greater extent than 9.7 m illion vehicles amounting to almost USD 28 billion. The growth in doing was 15%. India is the second largest commercialize for two wheelers in the world. However, in measure terms, the value of the market for passenger cars and CVs is higher than the market sizing for two wheelers.

Sales of passenger cars post 2000 boast been impelled by increase in the number of procurable models, purchase power, especially of the middle class, easy accessibility of car finance, contributive government policies and growth of used car market. besides decrement in cost of ownership would fuel bespeak for passenger vehicles. Commercial v ehicles sales have grown at a 4.4% CAGR over! the last decade and the segment has also demonstrate cyclical trends. Last year, however, growth was over 10% in domestic sales and production. Exports have also picked up registering a growth of 36% over the last year. growth in the commercial vehicle sector is dependent on the global economic trend, development of infrastructure projects, transport political economy and availability of...If you want to get a full essay, put in it on our website: BestEssayCheap.com

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