Posts Tagged India
Automobiles in India: Adding to the Overall Economic Progress
Posted by in Uncategorized on January 26, 2010
When it comes to automobiles, you can say that India has not lagged behind in the race. Automobiles form one of the fastest growing sectors in the Indian economy. Such is the popularity of automobiles in India. May it be cars, vans, mopeds, buses or tractors, a large number of vehicles are manufactured, exported as well as imported each year. It is one of the busiest trades the country is involved in.
The growth of automobiles in India has been spurred on in a few years. Till the early 1990s, India had only a few local industries. Ever since foreign direct investment has been allowed in 1996, international automobile giants have moved in setting up local bases and helping the sector to enlarge at an accelerated speed. It has taken only a decade or so for the automotive sector in India to reach its current position. Now, India is the second largest producer of two-wheelers. In terms of passenger cars, she ranks 11th. Regarding exports, she has secured the 29th rank for automobiles and 26th for auto parts. There is also the fact that this sector employs more than 3,00,000 people.
Automobiles in India are diverse in range. New models come up everyday and you have the chance to choose between, say, a Ford and a Maruti. Such a swift progress has been fueled by the Indian government’s economic liberalization. It also does not hurt that India has one of the largest middle-class population in the world who account for the bulk of the buyers. There is also the fact that the per capita income has been raised and more people can now afford to buy private vehicles. So, consumer demand has also played a role in furthering the growth of the automobile sector.
Hence, the scenario presented by automobiles in India is one of ongoing progress and development. You can buy the vehicle of your choice from a number of automobile stores across the country.
Automobiles in India: Progressing With Time
Posted by in Uncategorized on January 23, 2010
India is no more a backward country with bullock carts and horse carts running on roads. It has successfully developed and modernized at its own pace. The automobile sector is also growing but at a higher pace. Indeed it forms one of the fastest growing sectors in the Indian economy and so is the popularity of automobiles in India. Be it cars, mopeds, vans, buses or tractors, the vehicles are manufactured at large. A number of cars and other automobiles are imported and exported every year.
There are various major players in automobile sector in India. Sonalika Tractors, Ashok Leyland, HMT Tractors, Royal Enfield, Chevrolet LML India, BMW Kinetic Motor Co. Ltd., Force Motor, Monto Motors, Toyota, Kirloskar Motors, Ford Motors, Ford, Mercedes, Chevrolet, Volkswagen, Nissan Motors TVS Motor Co., Hero Honda, Reva Electric Co., Volvo, Hindustan Motors, Yamaha Motor etc. are among them. . Indian automobile industry is the tenth largest in the world. Every year new and advanced model of cars and other vehicles are launched by various leading manufacturers suiting the consumer needs.
With the increase in per capita income, the purchasing power of people has also increased. More and more people are turning to private vehicle and have become a successful affordable mode of transportation. The Indian automobile Industry is currently growing at the pace of around 18 % per annum which is remarkable. Such a tremendous progress has fueled and is a result of economic liberalization by Indian government. Progress has accelerated ever since the foreign direct investment has been allowed. International automobiles giants have helped Indian automobile sector to enlarge by setting up local basis.
The technological changes and progress successfully led to the progress of automobile sector in India. Automobile industry in India is one of the fastest growing automobile industries and has made its position in the world market.
