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The Indian economy has been influenced by impressive industrial resurgence and automobile industry is definitely one of them. The automotive industry has played a commendable role in the rapid industrial and economic growth of the country. Due to the economic liberalization a number of global automobile manufacturers have found India as one of the premier business destinations. With an annual growth of about 18 %, prospects of the Indian automotive industry are very bright. Overview of the automobile industry worldwide suggests that in the sectors of automobile manufacturing, automobile assembling and automobile components, India has come up with a huge potential market.
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Apart from being one of the largest car markets in Asia, India ranks 1st in the manufacturing of three wheelers and 2nd in two wheeler production. With more money spend on the research and developmental activities, more upgraded version of three wheelers would be hitting on the Indian roads.
An overview of the automotive industry of the country clearly indicates that the emergence of three wheelers as an effective mode of transportation has benefited millions of Indians. Three wheelers are not only used for carrying passengers but are also used as luggage carriers. In India the three wheelers usually run on diesel and petrol but of late in some of the cities CNG run three wheelers have also come up in large numbers. The three wheelers used for carrying passengers in India are usually referred as Auto-rickshaws. Most of the state governments in the country are supporting the operation of CNG run Auto-rickshaws and also three wheelers with four stroke engines as they produce lesser harmful emissions. It has been found that most of the three wheelers running on the roads of the country come with mileage of about 34-36 km per liter of petrol.
The three wheelers have successfully helped to overcome the dearth of jobs in the country. Numerous people could be seen driving auto-rickshaws on the roads of cities like Delhi, Mumbai, Kolkata, Hyderabad, Bangalore and many more. Due to their simple construction and limited amount of investment the three wheelers as a mode of conveyance and commercial mechanism has gained popularity. What's more, their maintenance is also quite simple. Bajaj Auto has dominated the three wheeler market in the country for years. Several other companies like Piaggio Vehicles and Mahindra & Mahindra have made a late foray into this field. An overview of the current automobile market indicates that the tremendous demand of three wheelers in India and abroad has also allured several other automobile manufacturers like Honda India and TVS Motor to start producing the three wheelers.
To know more about the various aspects of three wheeler and matters related to automobile, browse through the pages of automobileindia.com.
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