Indian automobile industry

the fastest growing globally The automotive industry in India is one of the larger markets in the world. It [1][2] had previously been one of, but is currently experiencing flat or negative growth rates. India's passenger car and commercial vehicle manufacturing industry is the sixth largest in the world, with an annual production of more than 3.9 million units in 2011. According to recent reports, India overtook Brazil and became the sixth largest passenger vehicle producer in the world (beating such old and new auto makers as Belgium, United Kingdom, Italy, Canada, Mexico, Russia, Spain, France, Brazil), grew 16 to 18 [4] percent to sell around three million units in the course of 2011 and 2012. In 2009, India emerged as [5] Asia's fourth largest exporter of passenger cars, behind Japan, South Korea, and Thailand. In 2010, India beat Thailand to become Asia's third largest exporter of passenger cars. As of 2010, India is home to 40 million passenger vehicles. More than 3.7 million automotive vehicles were produced in India in 2010 (an increase of 33.9%), making the country the second (after China) [6][7] fastest growing automobile market in the world in that year. According to the Society of Indian Automobile Manufacturers, annual vehicle sales are projected to increase to 4 million by 2015, no longer [1] 5 million as previously projected.

Liberalisation
Eventually multinational automakers, such as, though not limited to, Suzuki and Toyota of Japan and Hyundai of South Korea, were allowed to invest in the Indian market ultimately leading to the establishment of an automotive industry in India. Maruti Suzuki was the first, and the most successful of these new entries, and in part the result of government policies to promote the automotive industry [20] beginning in the 1980s. As India began to liberalise their automobile market in 1991, a number of foreign firms also initiated joint ventures with existing Indian companies. The variety of options available to the consumer began to multiply in the nineties, whereas before there had usually only been one option in each price class. By 2000, there were 12 large automotive companies in the Indian market, most of [21] them offshoots of global companies.

The Premier Padmini was the Ambassador's only true competitor

Exports were slow to grow. Sales of small numbers of vehicles to tertiary markets and neighbouring countries began early, and in 1987 Maruti Suzuki shipped 480 cars to Europe (Hungary). After some growth in the mid-nineties, exports once again began to drop as the outmoded platforms handed down to [22] Indian manufacturers by multinationals were not competitive. This was not to last, and today India manufactures low-priced cars for markets across the globe. As of 18 March 2013 global brands such as Proton Holdings, PSA Group, Kia, Mazda, Chrysler, Dodge and Geely Holding Group are shelving plans for India due to the global economic crisis

Economy[edit]
See also: Automotive industry by country Around the world, there were about 806 million cars and light trucks on the road in 2007, consuming over 3 [7] 260 billion US gallons (980,000,000 m ) of gasoline and diesel fuel yearly. The automobile is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicts that, by 2014, one-third of world demand will be in the four BRIC markets (Brazil, Russia, [8] India and China). Other potentially powerful automotive markets are Iran and Indonesia. Emerging auto markets already buy more cars than established markets. According to a J.D. Power study, emerging markets accounted for 51 percent of the global light-vehicle sales in 2010. The study expects this trend to [9][10] accelerate.

India is the leader in automobile industry in the world.Due to its population and econoy .a lot of companies are coming to india to sell there products and be the part of the emerging world leader in automobile industry . but are we ready for it is our road conditions and banking policies are favourable,are the proper safety measures been taken for the safety of the people,what should be the minninimum Co2 emission level are the companies working on this important factors and all other above important factors.what are the strategies that the companies are opting for the Indian market to increase there sales .Are they going for the non-renewable resources which are very less or are they thinking out of the box and working on renewable sources of energy going the hybrid way.how far are they succeeding in this.are they better than many of the Indian companies who knw the road conitions better