"Automotive Market in India" report provides detailed overview of the Automotive market in India with relevant facts and figures regarding the structure and size, growth rates, key players, main challenges, restraints, international trade as well as an indication of future outlook of the industry. The report identify areas of business interest for Indian and foreign automotive companies and also serve a industry guide for Senior level decision maker, analysts, industry observers and marketing professionals.
The Automotive Industry in India is one of the largest industries and a key sector of the economy. The Indian automotive industry began its journey from 1991 with the government’s de-licensing of the sector and subsequent opening up for 100 per cent FDI through automatic route. Since then many large global companies have set up their facilities in India taking the production of vehicle from 2 million in 1991 to 9.7 million in 2005-2006 and in 2008-09 it touched to 11.18 million units.
The entry of global auto-majors into India has significantly altered the automobile manufacturing scenario in the country. The changes in design and adaptation of international technologies have enabled the Indian automotive industry to compete globally, and thus are also exposed to global challenges. Alongside the challenges, the trend also presents a plethora of opportunities to Indian automotive industry, which needs to be capitalized, so as to emerge as a successful global player.
At present, India is the world's
I- India Automotive Mission Plan 2006-2016
II - Indian Auto Policy