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Introduction
The automobile industry is one of Indias most vibrant and
growing industries. This industry accounts for 22 per cent
of the country's manufacturing gross domestic product
(GDP). The auto sector is one of the biggest job creators,
both directly and indirectly. It is estimated that every job
created in an auto company leads to three to five indirect
ancillary jobs.
India's domestic market and its growth potential have
been a big attraction for many global automakers. India is
presently the world's third largest exporter of twowheelers after China and Japan. According to a report by
Standard Chartered Bank, India is likely to overtake
Thailand in global auto-export market share by the year
2020.
The next few years are projected to show solid but
cautious growth due to improved affordability, rising
incomes and untapped markets. With the governments
backing, and trends in the international scenario such as
the decline in prices of natural rubber, the Indian
automobile industry is slated to witness some major
growth.
Market size
The cumulative foreign direct investment (FDI) inflows into
the Indian automobile industry during the period April
2000 August 2014 was recorded at US$ 10,119.68
million, as per data by Department of Industrial Policy and
Promotion (DIPP).
Data from industry body Society of Indian Automobile
Manufacturers (SIAM) showed that 137,873 passenger
cars were sold in July 2014 compared to 131,257 units
during the corresponding month of 2013. Among the auto
makers, Maruti Suzuki, Hyundai Motor India and Honda
Cars India emerged the top three gainers with sales
growth of 15.45 per cent, 12 per cent and 11 per cent,
respectively.
The three-wheeler segment posted a 24 per cent growth
to 51,461 units on the back of increased demands from
the urban market. Total sales across different vehicle
segments grew 12 per cent year on year (y-o-y) to
1,586,123 units.
1960s:
In sixties 2 and 3 Wheeler segment established a foothold
in the industry. Escorts and Ideal Jawa entered the field in
the beginning of sixties. Association of Indian Automobile
Manufacturers formally established in 1960.
1970`s:
Major factors affecting the industry's structure were the
implementation of MRTP Act, FERA and Oil Shocks of 1973
and 1979. During this decade there was not much change
in the four-wheeler industry except the entry of Sipani
Automobiles in the small car market. Girnar Scooters Ltd
entered into the market in 1971 and its output was less
than 5000 units until 1980. In the Two Wheeler Industry
there were many entries during this decade. Scooter India
established in 1972.
1980's:
The period of liberalized policy and intense competition
Since the 80s, the Indian car Industry has seen a major
resurgence with the opening up of Indian shores to foreign
[3]
LIST OF AUTOMOBILE COMPANIES IN INDIA
[3]
Changes in technology
Most people know that the Ford Model T was the first truly
affordable automobile. But do you know what kind of
engine it had? The original Model T, released in 1908,
packed a 2.9-liter four-cylinder engine with just
22 horsepower.
That's a tiny output for its size compared to the engines of
today, but it sure beat the engine in what's considered to
be the first automobile -- the 1885 Benz Patent
Motorwagen. That car had a single-piston engine and
generated just two-thirds of a single horsepower.
As we can see, automobile engines have been in constant
evolution since the very beginning of motoring. Today they
are more powerful, quieter, more durable, less polluting
and morefuel-efficient than they have ever been before,
thanks to constant advancements in engine design and
technology.
Automotive engineers are constantly working on ways to
improve the internal combustion engine and carry it into
the future. How many other inventions do you know that
have been continuously refined for more 150 years?
Cleaner
Siam.com
Auto ancillary tiers
Tiers
Petrol price and diesel price table with difference
Bibliography
http://www.ibef.org/industry/indiaautomobiles.aspx [1]
http://shodhganga.inflibnet.ac.in/bitstream/106
03/3722/13/13_chapter%204.pdf [2]
Bombay Stock Exchange (BSE) official directory,
companies annual reports, www.indiainfoline.com,
www.the-infoshop.com , www.cybersteering.com [3]