Automotive Industry in India

Automotive Industry in India

File Name:Automotive Industry in India
Posted By:Source Wikipedia
Published on 2013-09 by Booksllc.Net
ISBN-10:123074939X
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 24. Chapters: Anand Mahindra, Automotive Corridor, Automotive industry in Chennai, Automotive Research Association of India, Auto Expo, Brijmohan Lall Munjal, Federation of Automobile Dealers Associations of India, International Centre for Automotive Technology, NATRiP, Ravi Kant, Society of Indian Automobile Manufacturers, T. V. Sundaram Iyengar. Excerpt: ] Indian-assembled Audi A4 at Audi India Production Facility, Aurangabad The Tata Nano - the cheapest car made in IndiaThe automotive industry in India is one of the largest in the world and one of the fastest growing globally. 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), growing 16 to 18 per cent to sell around three million units in the course of 2011-12. In 2009, India emerged as 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) fastest growing automobile market in the world. According to the Society of Indian Automobile Manufacturers, annual vehicle sales are projected to increase to 5 million by 2015 and more than 9 million by 2020. By 2050, the country is expected to top the world in car volumes with approximately 611 million vehicles on the nation's roads. The majority of India's car...

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