|
|
|
|
Though the Indian automotive market has been able to hog the limelight in the recent years and has received many foreign investments, it is yet compete with the world's other major developing nations, such as China. However, this scenario is expected to change in the coming years.
As India's transport networks are expanding at a very fast pace, the automotive industry is also growing by leaps and bounds. This broad industry has also facilitated employment to a large section of the Indian populace. Thus, the role of this industry in the development of the Indian economy cannot be overlooked. Almost all kinds of vehicles are manufactured by this industry such as trucks, buses, passenger cars, defense vehicles, two-wheelers etc. |
|
|
The Indian automotive industry can be broadly divided into three sections namely, car manufacturing, two-wheeler manufacturing and heavy-vehicle manufacturing units.
Being the world's second largest populated country, there is no doubt that India has a great potential in economical terms and the impact that it will have on the automotive market is expected to be huge. Already equipped with a well-developed components industry and a production capacity of around one million four-wheelers and five million two and three wheelers, this industry is poised for an exponential growth in the near future. Furthermore, India's mass production skills coupled with strong research and development (R&D) and software development workforce promise to be the pillars of strength on which its future is secure. Thus, it remains to be seen when and how this industry marches ahead for its augmentation process and how far it succeeds in its endeavor.
|
|
Automobile News
