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History and growth of automobile car industry

Article by Miguel Covarrubias

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Fast track Automobile Industry of India

In the race to be a superpower, India is making frequent and astounding advancements in all fields. From power generation to constructing modern roads, every sector has a huge impetus. Rising above all in a very distinct and appreciable way is the Automobile Sector of India. The automobile sector forms one of the fastest growing sectors in the Indian economy and so is the popularity of automobiles in India. A number of cars and other automobiles are imported and exported every year. Indian Automobile market witnesses a large scale manufacturing of cars, bikes, vans, buses and tractors.

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Indian Automobile Industry – An Agenda For Global Leadership

The dawn of economic liberalization in 1991 triggered the substantial growth of different public and private sector industries in India. Automobile sector is one among the most touched domains that took up the higher pace of growth and got established as one of the major spheres contributing to country’s GDP. Currently, it offers a growth rate of 9% annually, considerably contributing to the economic reforms. Not just in the domestic market, but the automobile sector also has acquired a larger share of the international market and emerged out as the ninth largest automobile industry in the world. The automobile manufacturers of India like Maruti Suzuki, Tata Motors, Mahindra and Mahindra, Hyundai Motors, Hero Honda, Hindustan Motors and others are the leading players among the world largest manufacturers with their consistently expanding production and export operations across the world.

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Report of Chinese Automobile Industry under International Financial Crisis, 2009

The International financial crisis in 2008 has seriously affected the global automobile industry. Four largest automobile companies lost their previous prosperity and looked for breakout to save them. There is no exception for Chinese automobile industry, which is still in its rising period.

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NEWS: Promos, unit availability boost sales in Philippine car industry
Still optimistic

Read more on Top Gear Philippines