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Monday, April 25, 2011
The Automotive Industry In India
luxury car has been possible in the highly competitive car in India by foreign players gathered at the same speed as the participants. Every two days we have heard of new initiatives, some cars at low prices - all organized so that a normal person is left behind. In 2009, the industry expects growth of about 9%, and a warning that the car industry in India has been hurt current global financial crisis.
The automotive industry in India becomes the ninth largest in the world. After Japan, South Korea and Thailand, in 2009, India has become the fourth largest exporter of automobiles. Several car manufacturers in India have expanded their global operations, thus requiring greater investment in the automotive industry in India by multinationals.
Potential of the automobile industry in 2008, Hyundai Motors exported only 240,000 cars made in India. Nissan Motors plans to export 250,000 vehicles produced at the plant in India in 2011. Similar plans by General Motors.
Segmentation of market share of automobile industry in India
Passenger Vehicle: 15.96%
Commercial Vehicle: 3.95%
Three wheelers: 3.60%
Two wheelers: 76.49%
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