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2/1/2011 Resurrectors : Srinivas Mandgi, Jai Daga, Niraj Singh, Jagadeshwari Srinivasan & Rajendra Rele| EGMP XVIII-MP2| Operation phoenix : Rebranding the ambassador| THE automobile INDUSTRY IN INDIA Following economic liberalization in India in 1991, the Indian automotive diligence has demonstrated sustained growth as a result of increased battle and relaxed restrictions. Several Indian automobile manufacturers such as Tata Motors, Maruti Suzuki and Mahindra and Mahindra, grow their domestic and international operations. Indias robust economic growth guide to the further expansion of its domestic automobile market which has attracted portentous India-specific investment by multinational automobile manufacturers.[17] In February 2009, monthly gross sales of passenger cars in India exceeded 100,000 units [18] and has since grown rapidly to a record monthly high of 182,992 units in October 2009.[19] From 2003 to 2010, car sales in India have progressed at a CAGR of 13.7%, and with only 10% of Indian households owning a car in 2009 (whereas this figure reaches 80% in Switzerland for example [20]) this progression is unlikely to stop in the coming decade.[21] Congestion of Indian roads, more than market demand, ordain likely be the limiting factor.

[22] The first car ran on Indias roads in 1897. Until the 1930s, cars were imported directly. Embryonic automotive industry emerged in India in the 1940s. Following the independence, in 1947, the Government of India and the privy sector launched efforts to create an automotive component manufacturing industry to preparation to the automobile industry. However, the growth was relatively slow in the fifties and 1960s due to nationalisation and the license raj which hampered the Indian clandestine sector. After 1970, the automotive industry started to grow, but the growth was in the main driven by tractors, commercial vehicles and scooters. Cars were still a major(ip) luxury. Japanese manufacturers entered the Indian market... If you want to get a right essay, order it on our website: Orderessay

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