Volume : V, Issue : IV, April - 2016

INDIAN AUTOMOBILE INDUSTRY VISION �2020�

Dr. P. Sankaran

Abstract :

<p> India’s automobile market is one of the fastest growing auto markets in the world. The global automotive industry is currently dominated by seven large automobile producing countries. India is one of the seventh largest global automobile manufactures, producing 12.7 million vehicles per year .India trail behind China, Japan, Germany, USA, South Korea and Brazil and followed by India and biggest automobile market in the world. The motor vehicle industry has attracted the attention of economists the world over. But the Indian motor vehicle industry was impartial growth starting from mid-twentieth century to last quarter of the twentieth century. The 21st century the industry to produce all type of vehicles produced and assembling. The structure of the assembling segment of the industry at one level covered by the regulatory policy at more fundamental level, the crucial factor is technology, diversification and collaboration has governed and promote strength the segment of the firm. The automobile company in India is one of the key contributors to GDP in the country. In recent years, automobile industry in India has grown by leaps and bounds. This Phenomenal growth rate is owing two factors, mainly which are better standard of living of the Indian middle class people and a subsequent rise in their disposal of income which in turn increasing the purchasing of power adding to the growth of automobile industry as a whole.</p>

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Dr. P. Sankaran INDIAN AUTOMOBILE INDUSTRY VISION â�‚�œ2020â�‚� Global Journal For Research Analysis, Vol.5, Issue : 4 APRIL 2016

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