AUTOMOBILE INDUSTRY OF INDIA
A Nations economy is well known from its transport system. For instant andrapid growth in economy, a well-developed and well-networkedtransportation system is essential. As India's transport network is developingat a fast pace, Indian Automobile Industry is growing too. Also, theAutomobile industry has strong backward and forward linkages and henceprovides employment to a large section of the population. Thus the role of Automobile Industry is very essential in Indian economy. Various types of vehicles are manufactured by the Automobile Industry. Indian AutomobileIndustry includes the manufacturing of trucks, buses, passenger cars,defense vehicles, two-wheelers, etc. The industry can be broadly segmentedinto into the Car manufacturing, two-wheeler manufacturing and heavyvehicle manufacturing units. The major Car manufacturer are HindustanMotors, Maruti Udyog, Fiat India Private Ltd., Ford India Ltd ., General MotorsIndia Pvt. Ltd., Honda Siel Cars India Ltd. Hyundai Motors India Ltd., SkodaIndia Private Ltd., Toyota Kirloskar Motor Ltd. The two-wheeler manufacturing is dominated by companies like TVS, HondaMotorcycle & Scooter India (Pvt.) Ltd., Hero Honda, Yamaha, Bajaj, etc. Theheavy motors like buses, trucks, defense vehicles, auto rickshaws and othermulti-utility vehicles are manufactured by Tata-Telco, Ashok Leyland, EicherMotors, Bajaj, Mahindra and Mahindra, etc. The Indian Automobile Market growth is expected to grow at a CAGR of 9.5percent amounting to Rs. 13,008 million by 2010 which is a big in number. The Commercial Vehicle Segment has been contributing to the automobilemarket to a great extent. So as in passenger luxury cars now/Many foreign companies likeMercedes,Suzuki,chevorlet,Honda,mitsubushi,Toyota,Hyundai etc. have beeninvesting in the Indian Automobile Market in various ways such astechnology transfers, joint ventures, strategic alliances, exports, andfinancial collaborations.like maruti joined hands with Suzuki in passenger
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