THE AUTOMOBILE INDUSTRY IN INDIA
largest automobile industry.
largest two-wheeler market.
largest in Heavy Trucks.
largest tractor manufacturer.
Annual production of over 2.3 million units.
The monthly sales of passenger cars in India exceed 100,000 units.
11th largest passenger car market and expected to become 7
largest by 2016.
Sale of passenger cars in India is likely to grow at an average of 14.9% each year to touch 2.1million marks by 2010.
CURRENT SITUATION OF AUTOMOBILE SECTOR
Despite economic slowdown that has affected the automobile industry, production and exports of the sector went up last fiscal, said the Economic Survey 2008-09, and underlined that the industryemploys over one crore people.
While the overall automobile production went up by 3 per cent to reach 1.11-crore, exportsincreased by over 23 per cent to over 15-lakh. The domestic turnover of the sector stood at Rs. 2.19-lakhcrore, while exports totaled at Rs. 31,782 crore, taking the total size of the industry to Rs. 2.50-lakh croreduring 2008-09.
GLOBALIZATION IN AUTOMOBILE SECTOR
In 2008, Hyundai Motors alone exported 240,000 cars made in India. Nissan Motors plans toexport 250,000 vehicles manufactured in its India plant by 2011. Foreign auto companies withassembly plants in India include, General Motors, Ford, Hyundai, Honda, Suzuki, NissanMotors, Toyota, Volkswagen, Audi, Skoda, BMW, Fiat and Mercedes Benz. India has overtakenChina in global auto exports of compact cars for 2009. Suzuki Motor Corp, Hyundai Motor Co,and Nissan Motor Co are making India a manufacturing hub for small cars.In 2007, India was ranked as the 12th fastest growing market in the world. Presently, India is the2
largest two wheeler market in the world and 4
largest commercial vehicle market worldwide.India is the 11
largest market in the passenger car segment globally which is expected tobecome the 7
largest market by 2016. Tata is all set to take its world trucks to South Africa,Mahindra & Mahindra is taking its Scorpio to US, Tata is developing an European version of itsultra low cost car Nano. China’s largest automaker Shanghai Automotive Industry Corp. (SAIC)