Preview

According to Research and Market report

Satisfactory Essays
Open Document
Open Document
652 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
According to Research and Market report
According to Research and Market report (2010), Indian automobile industry has a bright history and the first car in India came into the roads in the year 1898 and liberalization and globalization policies has shown major impact on Indian auto industry which lead to drastic changes in automobile industry of India.
According to this article, automobile industry is playing vital role in economic sector and employment sector, which is offering wide range of employment opportunities to the individuals. Competition is the major problem in automobile industry and especially Indian auto industry is facing tough competition with global companies in global markets and local markets.

India is a place with different communities of people with wide range of cultures and preferences. While comparing Indian auto industry with global auto industry India still needs to make many developments in order to compete themselves with major global competitors.
Future work should be performed in order to specify the comparison of Indian auto market with global auto market.
This article consists of significant information on competitive challenges faced by Indian auto industry which is the important aspect related to problem statement of research process and for this reason this article is used for research process.

Literature Review on Automotive Industry

The report of (FICCI-2007) specified the overview of automotive industry of India and explained the added advantages of automobile industry in India. According to this article India has high potential of automobile industry, which contributes 4%GDP in Indian economy. Indian automobile industry offers different types of automobiles such as cars, scooters, bikes, busses, trucks, jeeps, tractors and all types of two wheelers, three wheelers as well as four wheelers.
Indian automobile industry includes nearly 500 huge firms as well as 1000 small scare registered firms that are offering automobile services to the customers.
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Recession and Its Effect on Automotive Industry
    • 1264 Words
    • 6 Pages

    Recession and Its Effect on Automotive Industry

    Indian car industry is one of the most promising car industries across the globe. It has gradually strengthened its foothold in the international arena as well. The country is dealing with many car manufacturers, dealers, and associations in various different countries including U.S. From some countries, India imports cars and car components and to some India exports. With this, the global recession is obvious to have its impact on the Indian car industry.Though India has witnessed a growing customer base, it has not inoculated them from the global crisis. The crippling liquidity and high interest rates have slowed down the vehicle demand. However, the falldown started in July with a decline of 1.9% and thereafter the industry saw a major slowdown in October 2008.…

    • 1264 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    Market Demand of Bmw
    • 565 Words
    • 3 Pages

    Market Demand of Bmw

    Being a small car market, India was never a favorite destination for top car manufacturers in the world. It’s a different story today. The great Indian auto industry has stunned the world by becoming one of the fastest growing auto industries in the world today. Almost every luxury car maker has set up their base in India today, including Aston Martin, Ferrari, Porsche, Jaguar, Mercedes Benz, BMW, AUDI, Bentley, Rolls Royce, and a few more are on their way. For the past two calendar years, 2009 and 2010, BMW came out on top as they sold the highest number of cars in the luxury segment in India.…

    • 565 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Consumer Decision Making in automobile industry
    • 2474 Words
    • 10 Pages

    Consumer Decision Making in automobile industry

    launch of the first car in 1897, India automobile industry has come a long way. Today India is…

    • 2474 Words
    • 10 Pages
    Good Essays
    Read More
  • Good Essays

    Protectionism and Trade Barriers in Automobile Industry of Malaysia
    • 880 Words
    • 4 Pages

    Protectionism and Trade Barriers in Automobile Industry of Malaysia

    When we consider the single largest manufacturing sector in the world, then the automobile sector dominates the other sectors. Automobile Industry is taken as a major source of income in Unites States and Japan. In both these countries more than ten percent of employment is generated from the automobile sector. In the year 2009, the worldwide figure of the produced car and commercial vehicle reached to 60 million. Year 2007 was incredible for automobile sector of the world, in this year total 79.9 million automobiles were sold in the world. Approximate 23 million cars and commercial vehicles were sold in Europe alone…

    • 880 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    Consumar Behaviour in Small Car Market
    • 953 Words
    • 4 Pages

    Consumar Behaviour in Small Car Market

    The Indian passenger car industry had a sheltered existence till the early 80’s. Until 1981, there were two dominant players in the Indian scene – Hindustan Motors and Premier Automobiles. In 1982, Maruti Udyog, a 50:50 joint venture between Suzuki Motors and the Indian Government introduced a hatch back car at an affordable price. Gradually, Maruti introduced different new models creating different segments and overtook HM and PAL with attractive prices and fresh designs. Within a short span of time, MUL occupied number one position in the car market. In the mean time, the opening up of the economy in 1991 attracted several multi-national companies. Besides this, some domestic majors also entered into the passenger car market. As a result, India has become one of the fastest growing car markets in the world. In fact, it holds a promising ninth position in the entire world and growing with a cumulative annual growth rate (CAGR) of about 14 percent, ready to surpass many developed markets. Today, almost every major car maker of the world is present in India where Maruti Suzuki is the market leader with over 50 percent market share. It is to be noted that in the car market, there are three major segments, out of which small car segment constitutes almost 81 percent of the Indian passenger car industry. It shows that there is immense growth potential to small cars and the future growth looks very promising due to various factors and forces. Some of them are low penetration, good economic growth, buoyant rural markets, growing middle class, poor public transport system and fuel efficiency of small cars.…

    • 953 Words
    • 4 Pages
    Better Essays
    Read More
  • Powerful Essays

    International Marketing Strategies of Hyundai in India
    • 23594 Words
    • 95 Pages

    International Marketing Strategies of Hyundai in India

    Some of the largest and successful automobile companies in India are Maruti Suzuki Udyog, Hyundai India ltd, Honda India ltd, Fiat India ltd, etc. the completion in this market is sky high. Therefore to survive in such a competitive market every company needs to provide better services than the competitor with almost of the same price as of the competitor, which is not an easy job to do. The development of this sector is developing the economy of India as a whole, which is why government of India is allowing the foreign automobile companies to enter into Indian market with not many formalities.…

    • 23594 Words
    • 95 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Mahindra Case Study
    • 4837 Words
    • 20 Pages

    Mahindra Case Study

    An Indian multinational automobile manufacturing company, Mahindra & Mahindra Limited (M&M), is one of the largest vehicle manufacturers in India in terms of production. Incorporated in 1945 as a steel trading company, it is today a US $16.2 billion multinational group with more than 155,000 employees in over 100 countries across the globe (Mahindra & Mahindra Ltd.). Over the years, is has diversified into many new businesses in by following a unique business model of creating empowered companies that enjoy the best of entrepreneurial…

    • 4837 Words
    • 20 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Maruti Suzuki in Indian Premium Car Segment
    • 2565 Words
    • 11 Pages

    Maruti Suzuki in Indian Premium Car Segment

    Indian automobile industry currently contributes 5% to India’s current GDP of $1.4 trillion. The projected size in 2016 of the Indian automotive industry varies between $ 122 billion and $ 159 billion including USD 35 billion in exports. This translates into a contribution of 10% to 11% towards India’s GDP by 2016, which is more than double the current contribution. We can safely assume the passenger car market as a whole grows in the same phase if not more than mentioned above. Passenger cars have sub classifications with in them and they are as follows:…

    • 2565 Words
    • 11 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Customer Satisfaction
    • 5880 Words
    • 24 Pages

    Customer Satisfaction

    Indian automobile industry is an ever growing industry. The industry has changed from being a seller’s market to a buyer’s market. Brand and media proliferation, information book and easy assess to a wide variety of brands, have all had a significant impact on the buying behavior of consumers, who are now clearly seeking value over price.…

    • 5880 Words
    • 24 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Balance Sheet Analysis of Tata Motors
    • 928 Words
    • 4 Pages

    Balance Sheet Analysis of Tata Motors

    As the Indian economy bounced back and grew by 7.2% in 2009-10, the automotive industry in India recorded steady growth in the first two quarters and recorded significant growth in the last two quarters of 2009-10. The commercial vehicle industry grew by 40.1% compared to the decline of 17.4% in 2008-09. The passenger vehicle industry, which had showed a decline of 0.5% in the previous year, grew by 24.8% in 2009-10.…

    • 928 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Good Essays

    Hero Motocrop's Political Environment Analysis
    • 747 Words
    • 3 Pages

    Hero Motocrop's Political Environment Analysis

    The Indian economy has been significantly stable, since the introduction of the industrial reform policies. According to the policy, reduction in industrial licensing, liberalization of foreign capital has resulted in a constant improvement of India’s economic environment. India registered a GDP of $5.07 trillion in 2013 and further improved GDP growth rate of 5% in 2014 as compared to 4.35% in 2013. As the per capita Income is rising, which is affecting the segments of various automobiles being ventured into. The concept of servicing in auto industry has changed into customer care now, thus inreasing the greater value into…

    • 747 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Marketing Stratergies of Maruti Suzuki
    • 7704 Words
    • 31 Pages

    Marketing Stratergies of Maruti Suzuki

    One of the major global automotive industries in the coming years. A number of domestic companies produce automobiles in India and the growing presence of multinational investment, too, has led to an increase in overall growth. Following the economic reforms of 1991 the Indian automotive industry has demonstrated sustained growth as a result of increased competitiveness and relaxed restrictions. The monthly sales of passenger cars in India exceed 100,000 units.…

    • 7704 Words
    • 31 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Technical and Fundamental Analysis of Tata Motors
    • 3291 Words
    • 14 Pages

    Technical and Fundamental Analysis of Tata Motors

    A detailed analysis of Automobile industry has been covered in respect of past growth and performance. Under this project to better understand the Industry I have used Fundamental tools to make it more authentic and meaningful.…

    • 3291 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Good Essays

    Renault Story in India
    • 690 Words
    • 3 Pages

    Renault Story in India

    Since 2012 the Indian automobile industry is going through a tumultuous period. Worsening macro-economic conditions within the country, high interest rates and rising input costs are fast eroding the profitability of most of the car manufactures. Despite price cuts and other incentives, car sales in India remained sluggish. Analysts are pointing to a second straight year of declining sales in what was one of the world’s fastest growing auto markets.…

    • 690 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Autmobile Industry in India
    • 26919 Words
    • 108 Pages

    Autmobile Industry in India

    Automobile marketing in India 3. History of automobile industry in India 4. Major players in the automobile sector 6.1. List of automobile manufacturers in India a. Indian companies b. Multi-national companies 7.…

    • 26919 Words
    • 108 Pages
    Powerful Essays
    Read More

Related Topics