Automobile

Automobile The Automotive industry is the key driver of any suppuration economy. A sound transportation system plays a diametrical role in a countrys fast economic and industrial development. The well-developed Indian gondolamotive industry ably fulfils this catalytic role by producing a wide contour of vehicles. The motorcarmobile industry comprises cable carmobile and auto component sectors. It includes rider cars; light, medium and heavy commercial vehicles; multi-utility vehicles such as jeeps, scooters, bikes, three-wheelers and tractors; and auto components like engine parts, drive and transmission parts, hiatus and braking parts, and electrical, system and chassis parts. Indias automotive industry is now expense $34 billion and expected to grow $145billion in some other ten years. The Indian automotive industry is growing at a very high put with sales of to a greater extent than one million passenger vehicles per annum. The overall growth rate is 10-15 per cent annually. India is the worlds second largest manufacturer of two-wheelers, ordinal largest manufacturers of commercial vehicles as well as largest manufacturer of tractors. It is the quarter largest passenger car market in Asia and home to the largest motorcycle manufacturer.

Major players in this sector include Tata, Mahindra, Daewoo Motor India, Hyundai Motors India and popular Motors India, Maruti, Ashok Leyland, Bajaj, Hero Honda, Ford, Fiat and few other players. The Indian auto components industry is worth $10 billion. Indigenous firms like Bharat Forge, Sundaram Fasteners, Minda Industries and Gabrial India Ltd. be in the limelight. There is a boom in the auto components segment because of pissed demand and robust economy. Also, the industry has strong forward and backward linkages with almost every other technology segment. The component production range includes engine parts 31%, drive transmission and steering parts 19%, suspension and braking parts 12%, electrical parts 10%, equipments 12%, body and... If you want to get a full essay, effectuate it on our website: Orderessay

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