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Automobile industry in india is the 7th largest industry in the world. It had an annual production of over 2.6 million units in 2009. India car sales grew by 25% to touch 15.26 lakh unit, till march 31st, 2010. In 2009, India emerged as asia's fourth largest exporter of automobiles, behind Japan, South Korea and Thailand. By 2050, the country is expected to top the world in car volumes with approximately 611 million vehicles on the nations road.

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CAR MANUFACTURING 11TH LARGEST IN THE WORLD

AUTOMOBILE INDUSTRY

TWO-WHEELER MANUFACTURING. 2ND LARGEST IN THE WORLD

COMMERCIAL VEHILCE MANUFACTURING 4TH LARGEST IN THE WORLD.

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MARUTI SUZUKI HYUNDAI TATA MAHINDRA GM CHEVROLET HONDA TOYOTA FORD FIAT SKODA MITSUBISHI

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HERO HONDA TVS HONDA YAMAHA BAJAJ LML ROYAL ENFIELD

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TATA MOTORS. ASHOK LEYLAND. EICHER MOTORS. BAJAJ. MAHINDRA AND MAHINDRA. VOLVO FORCE

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Among the two-wheeler segment, motorcycles have major share in the market. Hero Honda contributes 50% motorcycles to the market. In it Honda holds 46% share in scooter and TVS makes 82% of the mopeds in the country. Cars dominate the passenger vehicle market by 79%. Maruti Suzuki has 52% share in passenger cars and is a complete monopoly in multi purpose vehicles. In utility vehicles Mahindra holds 42% share. In commercial vehicle, Tata Motors dominates the market with more than 60% share. Tata Motors is also the world's fifth largest medium & heavy commercial vehicle manufacturer.

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India has emerged as one of the world's largest manufacturers of small cars. In 2008, Hyundai Motors alone exported 240,000 cars made in India. Nissan Motors plans to export 250,000 vehicles manufactured in its India plant by 2011. Similarly, General Motors announced its plans to export about 50,000 cars manufactured in India by 2011. In September 2009, Ford Motors announced its plans to setup a plant in India with an annual capacity of 250,000 cars for US$500 million. In 2009 India surpassed China as Asia's fourth largest exporter of cars.

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The automobile industry in India is growing by 18 percent per year. The automobile sector in India was opened up to foreign investments in the year 1991. 100% Foreign Direct Investment (FDI) is allowed in the automobile industry in India. The production level of the automobile sector has increased from 2 million in 1991 to 9.7 million in 2006 after the participation of global players in the sector.

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Import of components is allowed without any restrictions and also encouraged.

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4 OUT OF 30 COMPANIES ARE THE AUTO COMPANIES WHICH ARE LISTED IN BSE. HERO HONDA (40,410 crs) M&M (36,047 crs) MARUTI SUZUKI (39,735 crs) TATA MOTORS (46,121 crs) Hence, any fluctuation in automobile industry is of great influence for the BSE.

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The industry has emerged as a key contributor to the Indian economy. Its has an annual contribution of 4% to the GDP and also accounting for about 5% of the total industrial output, this segment clearly stands out as a significant contributor to the economic growth.

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PM RELEASED AUTOMOBILE PLAN 2006 ² 2016 TO GIVE A ROAD MAP TO INDIAN AUTOMOBILE INDUSTRY. INCREASE TURNOVER TO $145 BILLION BY 2016. INCREASE EXPORT REVENUE TO $35 BILLION BY 2016. PROVIDE EMPLOYMENT TO ADDITIONAL 25 MILLION PEOPLE BY 2016. BY 2016, AUTO SECTOR IS EXPECTED TO CONTRIBUTE 10% OF THE COUNTRY·S GDP & 30-35% OF THE INDUSTRY.

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ON 26TH OF MAY 2010, MAHINDRA AND REVA COLLABORATED TO FORM MAHINDRA REVA ELECTRIC VEHICLE COMPANY. MAHINDRA WILL TAKE 55.2% EQUITY STAKE IN REVA. MAHINDRA HAS INVESTED $ 10 MILLION IN THE NEW COMPANY.

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