Automobile Industry in India

FRA PROJECT Deliverable 1: perseverance: motor auto (4-wheeler) Industry Manufacturing industriousness has been contributing about 14-16% to GDP of India and Automobile untruth is a major contributor to the Manufacturing sector. The industriousness has exhibited robust harvest-festival of 15-35% (in respective(a) segments of mercenary and passenger vehicles) in the last 5 bestride and is a cyclical industry. It is withal 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 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 million vehicles amounting to almost USD 28 billion. The growth in turnout was 15%. India is the second largest mart 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 feature been impelled by increase in the number of purchasable models, purchase power, especially of the middle class, easy accessibility of car finance, contributive government policies and growth of used car market. come on decrement in cost of ownership would fuel strike for passenger vehicles. Commercial vehicles 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. return in the commercial vehicle sector is dependent on the global economic trend, development of infrastructure projects, tran! sport economic science and availability of...If you want to get a full essay, ordinate it on our website: BestEssayCheap.com

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