Major Players of the automobile industry in India
Major Players of the automobile industry in India
With five thousand years of history behind it, a five-decade young nation and the largest
democracy in the world, India today has the second largest volume of human resource in the universe. It has no more than 2.5 per cent of global land but is the home of one sixth of the world's population of more than 1.1 billion. It has five thousand years of history behind it, but is a mere six-decade young nation, and the world's largest economy.
India has 11 major ports and 139 minor ports, 3.3 million km of road network, 63,000
route km of railway network touching more than 7,000 towns and cities; and it has the distinction of being the third largest car market in Asia.
Indian Automobile Industry
Automobile industry is as old as the human civilization; it started out with the discovery of the wheel. This was followed by much advancement, till the modern day automobile was created and it continues to keep evolving.
In India, as in many other countries, the auto industry is one of the largest industries. It is one of the key sectors of the economy.
The industry has shown great advances since delicensing and opening up of the sector to foreign direct investment (FDI) in 1993. It has deep forward and backward linkages with the rest of the economy, and hence, has a strong multiplier effect. This results in the auto industry being one of the major drivers of economic growth in India.
Major Players of the automobile industry in India
Heavy Vehicles Market
Ashok Leyland, Eicher Motor Ltd, Tata motor, Swaraj Enterprise, Force Motor.
Car market
Hindustan Motors, Reva Electric Car Co., Fiat India Pvt Ltd., Daimler Chrysler
India Pvt Ltd, Ford India Ltd., Honda Siel Cars India Ltd., General Motors India, Hyundai Motors India Ltd., Skoda Auto India Private Ltd., and Toyota Kirloskar Motor Ltd.
Few Statistics on the Automobile Industry
Presently, India after China is the second largest market for two & three wheelers.
In tractors production, India along with China is the largest manufacturers in the world.
The subcontinent stands as the 4th largest producer of trucks in the world.
In passenger car segment, the country is positioned 11th in car production in the world.
In India car penetration per 1000 is only 7 compared to 500 in Germany.
India will become the world's third largest automobile market by 2030, behind just China and the US. ( Forecasted by US-based consultancy Keystone-a subsidiary of LaSalle Consulting Associates)
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