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Jun 29th, 2015
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Academy of Art University
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The automobile industry in India happens to be the ninth largest in the world. Following Japan, South Korea and Thailand, in 2009, India emerged as the fourth largest exporter of automobiles. Several Indian automobile manufacturers have spread their operations globally as well, asking for more investments in the Indian automobile sector

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The automobile industry in India happens to be the ninth largest in the world. Following Japan, South Korea and Thailand, in 2009, India emerged as the fourth largest exporter of automobiles. Several Indian automobile manufacturers have spread their operations globally as well, asking for more investments in the Indian automobile sector by the MNCs.Potential of the Automobile industryIn 2008, Hyundai Motors alone exported 240,000 cars made in India. Nissan Motors plans to export 250,000 vehicles manufactured in its India plant by 2011. Similar plans are for General Motors.Turnover of Automobile Manufacturers(In USD Million)YearIn USD Million2002-0314,8802003-0416,5442004-0520,8962005-0627,0112006-0734,285The figures show that the automobile sector in India has been growing robustly. The market shares of the different types of vehicles will clearly depict the demand pattern in this sector.Domestic Market Share for 2008-09Passenger Vehicles15.96%Commercial Vehicles3.95%Three Wheelers3.6%Two Wheelers76.49%Automobile CompaniesAudiBajaj AutoBMWChevroletDaimlerChrysler (Mercedes)FiatFordGeneral MotorsHindustan MotorsNew Car LaunchesHero Honda MotorsHyundai MotorsMahindra & MahindraMaruti UdyogSan MotorsSkodaTata MotorsYamaha MotorsTop Automobile CompaniesNotable Multi-national automobile manufacturersLocally manufactured automobiles of MNCsAudi: A4, A6.BMW: 3 Series, 5 Series.Chevrolet: Spark, Aveo U-VA, Aveo, Optra,

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