The Indian automobile industry is the ninth-largest in the world. Indian domestic automobile companies are Tata Motors, Maruti Suzuki, and Mahindra. Automobile industry trucks, buses, tractors, and heavy vehicles like passenger cars and bikes are included. In the Indian automobile industry, the first car was developed in 1898 in Mumbai. India today majorly contributes to the economy and is one of the country’s key areas.
More than 10 million people in the country directly and indirectly provide employment. Indian automobile industry globally established the world’s second-largest bike market, fourth-largest commercial vehicle market, and eleventh-largest passenger car market, and its third-largest car market is likely to be the world behind only the U.S. and China.
READ MORE :
- Challenges in Introducing Value Education at Higher Education in India
- Can You Install Windows on a Mac Computer? – Running Windows Programs With a Mac Made Easy!
- Automobile Sector – The Indian Scenario!
- Automobile Jobs
- Alternative Sources of Business Growth Finance: There Is More Than One Way to Fund Growth
Economic growth in recent years with the development of the Indian middle class has resulted in a host of global auto companies, their feet set within the Indian Territory. Also, many foreign automobile companies in India compete for the cost of a manufacturing hub providing a trained workforce. As a potential market in other countries for the automobile industry, India has seen a stagnation of development relating to proving than most. Recent research by global consultancy firm Deloitte says that at least one Indian automobile company, the top six automobile companies that will dominate the car market by 2020, will feature in the middle. Indian automobile industry, after the economic recession last year, proved to be in good shape.
This renewed the interest of major global automobile players who considered Nissan Motors India a potential market. As an authorized dealer and service station network is concerned, Maruti Suzuki is the most comprehensive. However, other automobile companies, such as Robot Tip, are also rapidly progressing.
Indian Automobile Export market
Indian small car market is very favorable for its production, sale, or export. Indian Automobile Industry 240000 and 250000 per year after Hyundai and Nissan Motors export small cars like the companies are the largest manufacturer. India, Asia’s fourth-largest automobile, Japan, South Korea, and Thailand emerged as the exporters. Indian automobile exports registered a 22.30 percent increase in 2009. Trend growth was as follows: by 32.31 percent, commercial vehicle-passenger cars grew by 19.10 percent.
