Automobile Industry(Pcd) - India

Indian Automotive Industry The automotive sector, comprising of the automobile and auto serving sub sectors, is one of the key segments of the economy having extensive onward and backward linkages with other key segments of the economy. It contributes about 4 per centime in Indias Gross Domestic Product (GDP) and 5 per cent in Indias industrial production. The well-developed Indian automotive industry aptly fulfils this catalytic role by producing a wide mixture of vehicles like passenger cars, light, medium and heavy commercial vehicles, multi-utility vehicles such as jeeps, scooters, motorcycles, mopeds, three wheelers, tractors etc. Since the first car furled out on the streets of Mumbai (then Bombay) in 1898, the Automobile Industry of India has grow a long way. During its early stages the auto industry was miss by the then Government and the policies were excessively not favorable. The easiness policy and various tax reliefs by the Govt. of India in young years have made remarkable impacts on Indian Automobile Industry. Indian auto industry, which is currently growing at the pace of around 18 % per annum, has become a resilient destination for global auto players like Volvo, General Motors and Ford.

investment funds Opportunities: In India, lots of investment opportunities exist in the pursuance areas: Establishing Research and Development Centres Establishing Engineering Centres Passenger Car section A well developed transportation system plays a key role in the development of an economy, and India is no riddance to it. With the growth of transportation system the Automotive Industry of India is also growing at rapid speed, occupying an important place on the canvas of Indian economy. After liberalization of Indian Economy in general and automobile industry in particular, considerable egress of Multinational Companies are operating in India either as wholly owned subsidiaries or in collaboration with their Indian partners. This automotive... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.