Automobile Industry in India

FRA PROJECT Deliverable 1: intentness: motor political machine (4-wheeler) application Manufacturing manufacture has been contributing about 14-16% to gross domestic product of India and Automobile fabrication is a major contributor to the Manufacturing sector. The manufacturing has exhibited robust suppuration of 15-35% (in respective(a) segments of free-lance(a) and rider vehicles) in the death 5 age and is a cyclical industry. It is similarly a monopolistic industry dominate by Maruti Suzuki, Tata motors, Hyundai and Mahindra and Mahindra in the passenger vehicles and Eicher, Ashok Leyland and Tata Motors in the commercialised vehicles industry. access of foreign players has changed the dynamics of the industry. region 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 or so USD 25 billion. During the financial division 2005-06, Indian Automobile Industry produced more than 9.7 million vehicles amounting to near USD 28 billion. The growth in production was 15%. India is the uphold largest market for dickens wheelers in the world. However, in measure terms, the tax of the market for passenger cars and CVs is high than the market sizing for two wheelers.

Sales of passenger cars back 2000 have been impelled by increase in the add of available models, purchase power, specially of the middle class, easy approachability of car finance, contributive organisation policies and growth of used car market. Further decrement in cost of ownership would render demand for passenger vehicles. mercantile vehicles sales have great(p) at a 4.4% CAGR everywhere the start decade and the segment has also demonstrate cyclical trends. Last year, however, growth was everywhere 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 scotch trend, development of infrastructure projects, sustain economics and availability of...If you wish to get a salutary essay, order it on our website: Ordercustompaper.com

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