The Important Role Of The Automobile Industry In India

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The automobile industry, and the auto components industry, is one of the core industries in India. A well developed transportation system its plays the important role in the development of an economy . Automobile is one of the largest industry in the global market. Automobile Sector occupies a special place in the fabric of Indian Economy. Automobile sector is leader in product domestic automobile industry is believed and manufacturing sector. It has been recognized as economic growth and the to be the barometer of the economy. Economies the automobile industry’s performance is the reflection the economy’s health. This sector has increased in the Indian economy. The auto sector accounts for 4 per cent of the total FDI Inflows (in terms
The automobile industry is one of the key drivers that boosts the economic growth of the country. Indian automobile sector has come a long way. Austria based motorcycle manufacturer KTM, the established makers of Harley Davidson from the US and Mahindra & Mahindra have set up manufacturing bases in India. Furthermore, according to internal projections by Mercedes Benz Cars, India is set to become Mercedes Benz’s fastest-growing market worldwide ahead of China, the US and Europe. As per the data published by Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce, Government of India, the cumulative FDI inflows into the Indian automobile industry during April 2000 to October 2013 was noted to be US$ 9,079 million, which amounted to 4% of the total FDI inflows in terms of US $. The production of compact superbikes can take place in India. The country has the production of base 16 million two-wheelers and the several global as well as Indian bike makers are looking forward to use it as an advantage to roll out sports bikes in the 250 cc
Accordingly, two-wheeler service sector should have generated revenue amounting to INR 100,000 million per year, but in reality, this has not been realised in the organised in service sector.
Biswajit Mahanty and Virupaxi Bagodi (2008) It is an era of customer delight for the two wheeler industry and the conventional measures implemented by the service organizations tend to be inadequate to attract customers

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