Since managers have superior information about the firm than investors, they might issue equity when it is overpriced. Notwithstanding a manifold increase in car production in Pakistan during the last few years, Pakistan still stands relatively low in terms of motorization when compared globally and even to its neighbors.  The automobile industry was established in Pakistan in 1950 and since then has fluctuated through different phases of remaining in private and public controls. From 1980s onward, the control of the automobile industry remained in private hands. Presently, there are three major car manufacturers/assemblers in the car industry in Pakistan namely: Pak Suzuki Motor Company Limited, Indus Motor Company Limited and Honda Atlas Cars Limited.
It has stronger impact on economy. Textile is the huge industrial sector of Pakistan. Pakistan is the fourth largest producer of cotton yarn and cloth in the world and ranks second in export of yarn and third in export of cloth. It generates the highest revenue by export of textile products of about 60% out of 100% as compared to other industrial sectors. It contributes with 8.5% to GDP and provides employment 39% to largely underutilized workforce.
Today, nearly every world-wide auto major has set up facilities in the country. 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. The world standing for the Indian automobile sector, as per the Confederation of the Indian industry is as follows: # Largest three-wheeler market #Second largest two-wheeler
The auto sector accounts for 4 per cent of the total FDI Inflows (in terms of US $) in India. According to the recent data released by Society of Indian Automobiles Manufacturers (SIAM) India’s scooter and motorcycle manufacturers have registered 4 per cent growth during April-November, 2012. The Global and Indian manufacturers are focusing their efforts to develop innovative products, technologies and supply chains. India is one of the key markets for Global Manufacturers for hybrid and electronic vehicles, which is the new development in automobile sector. With a turnover of almost $59 Million US Dollars, Automobile industry Provides employment to 13 million people in the India Work-class.
Volkswagen Take advantage of inexpensive labor and China established a new and profitable industry. The Honda Company entered Chinese second in 1994 with car parts production. Those combines were the core of Chinese car manufacturing. Nowadays Chinese automobile industry became world largest by unit production from four years which Beyond the European Union or the USA production. This paper will demonstrate the foundations and obstacles of automotive production in China.
INDUSTRY ANALYSIS The automotive industry in India is one of the largest automotive markets in the world. It was previously one of the fastest growing markets globally, but it is currently experiencing flat or negative growth rates. In 2009, India emerged as Asia's fourth largest exporter of passenger cars, behind Japan, South Korea, and Thailand, overtaking Thailand to become third in 2010. As of 2010, India was 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 India the second fastest growing automobile market in the world (after China).
1. Introduction & Background of Study The Textile industry is the largest manufacturing industry in Pakistan. It has traditionally, after agriculture, been the only industry that has generated huge employment for both skilled and unskilled labor. The textile industry continues to be the second largest employment generating sector in Pakistan. Pakistan is the 8th largest exporter of textile products in Asia.
Leather industry, including leather products, is the second largest export market after textile sector in Pakistan. The leather tanning industry in Pakistan is working with machines that are older, and probably from different countries in the 1970s and 1980s. Our country you have second-hand machinery by a high amount of foreign profits, it could not create a friendly atmosphere in environment. A large part of the country is exposed to the air pollution caused by chemical residues in tanning process This pollution you have adverse effect on the health of the local population, particularly in the cities of Karachi, Kasur and Sialkot. Pakistan is lucky, that the raw materials required by the industry is available in large amount.
LITERATURE REVIEW In the 20th century Original Equipment manufacturers focused on similarities of consumers, and in 21st century it focuses on understanding differences among consumers. India's fast-paced economic growth has helped companies to find growth opportunities in this sector. PricewaterhouseCoopers (PwC) forecasts India market performance in last decade was underpinned by natural demand driven by the country’s economic performance, low levels of vehicle ownership and rising middle class. Low economic growth; along with rising petrol prices and elevated interest rates created strong changes in the Indian vehicle market, and instability in petrol and diesel prices added to uncertainty in the sector. Insightful understanding of the competitive environment is a critical ingredient of a successful strategy.
Besides the restructuring of economy towards private sector in Pakistan during the last few years, there is a high competition for jobs in public sector and public sector jobs are still more lucrative because of higher salaries, flexible timings, good working conditions and excellent fringe benefits. 2.2 Concept and Definitions 2.2.1 Level of