The Automobile Industry in India Is Growing At a Very Rapid Pace
India can challenge its neighboring country china and become the hub of manufacturing in automobile industry in the upcoming years. The Automotive parts manufacturers components and spares in India has been drastically improving over the past few years. In the field of technological advancements, India is not lagging behind and is racing and competing with its western counterparts as well as its neighboring countries. The Indian automobile industry is one of the largest automotive markets in the world. Today, there are a large number of automobile industries spread across India. India is on the way to becoming one of the world’s largest hub by the year 2016, that is by this year. The innovation and science and technology used in India through Excellent R & D services are major forces that are establishing India as a Global manufacturing hub for auto components. India provides the potential investors with the right opportunity to compete in the manufacturing sector. India’s very own market consists of more than 600 million consumers. India has a very large set of talent as well as a very effective and strong engineering system.
The government of India has taken initiatives such as Automotive Mission Plan (2006-2016) which intended to make India the global hub in design and manufacturing of auto mobile, auto components and R&D test centers. India's mission to become a global player in automotive industry and R&D has been well accomplished. The Indian automobile sector is expected to grow more and reach a turnover of $100 billion in revenue by 2020. The government of India has been an active support and promoter of R&D in India. The Indian automobile export market has also seen rapid growth and changes in the recent years.
India became the lead in the manufacture of small cars. Some of the companies like Bajaj Auto, Ashok Leyland etc are manufacturers of small cars which are now a rage in the Indian market. Some of the electric car manufacturers in India are Ajanta group, Mahindra, Tata Motors, Hero Electric etc. According to The National website "The Indian automobile market is estimated to become the third-largest in the world by 2016 and will account for more than 5 per cent of global vehicle sales," Many Indian auto hub manufacturers are exporting machine castling units to various foreign countries like the USA, UK, Germany, France, Italy and others. The majority of India’s automobile manufacturing is done in the southern regions of India, their functioning has been recorded as highly remarkable. For more info visit :- www.suyeshgroup.com
The government of India has taken initiatives such as Automotive Mission Plan (2006-2016) which intended to make India the global hub in design and manufacturing of auto mobile, auto components and R&D test centers. India's mission to become a global player in automotive industry and R&D has been well accomplished. The Indian automobile sector is expected to grow more and reach a turnover of $100 billion in revenue by 2020. The government of India has been an active support and promoter of R&D in India. The Indian automobile export market has also seen rapid growth and changes in the recent years.
India became the lead in the manufacture of small cars. Some of the companies like Bajaj Auto, Ashok Leyland etc are manufacturers of small cars which are now a rage in the Indian market. Some of the electric car manufacturers in India are Ajanta group, Mahindra, Tata Motors, Hero Electric etc. According to The National website "The Indian automobile market is estimated to become the third-largest in the world by 2016 and will account for more than 5 per cent of global vehicle sales," Many Indian auto hub manufacturers are exporting machine castling units to various foreign countries like the USA, UK, Germany, France, Italy and others. The majority of India’s automobile manufacturing is done in the southern regions of India, their functioning has been recorded as highly remarkable. For more info visit :- www.suyeshgroup.com
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