2.2. Current Indian Automotive Industry A. Automotive Industry is growing at a rapid pace fairing among top ten in the world. Two wheeler in 2nd position; passenger cars in third position and commercial vehicles in 5th position. B. India has become a major hub for automobiles: i.
According to the 2011 census data carried out in India, 35 million (30 %) Indian households used LPG as cooking fuel, which is increasing 3-4 % by every year and other main source of fuel is kerosene. LPG Gas cylinder price is available for all states in India like New Delhi, West Bengal, Maharashtra, Tamil Nadu, Tripura, Mizoram,
Yamaha Motor Company, established as a cruiser producer on July 1, 1955, have lived up to expectations, since starting, to fabricate items that emerge for their quality wherever they are sold. Through the years, the organization has expanded into various ranges of business. In the year 1960, they started assembling powerboats and detachable engines. Along these lines, they have made their restrictive motor and fiberglass-strengthened plastic (FRP) innovations. Today, the organization has broadened their items from area to ocean and even into the skies, with assembling and business operations that incorporate bikes, PAS electro-crossover bicycles, marine and force items to car motors, "keen" hardware and even unmanned
The automobile small car sector is changing at a dramatic pace. India’s rapid economic growth during 1990s has raised per capita income significantly which has impacted Indian car consumption pattern change from earlier observed pre-liberalization period. Consumer buying behaviour pattern in automobile small car sector has attracted great interest to a number of researchers as it is riding a wave of change. India is one of the fastest growing economies in the world. The Indian Government’s economic reforms aimed at removal of economic imperfection in various sectors of the economy in July, 1991.
INDIAN AUTOMOBILE INDUSTRY History of Indian automobile industry shows that it has grown with leaps and bounds since 1898, a time when a car had touched the Indian streets for the first time. But now India is in verge to rewrite history in different conditions as it is home to 40 million passenger vehicles and Indian manufactured cars and other automobile products are touching other nation roads. Presently Indian automobile industry is regarded as largest and second fastest growing industry after China in the world with annual production of over 3.9 million units. Its passenger cars and commercial vehicle manufacturing industry ranked sixth largest in the world. One of the best things happen for the Indian automobile market in the recent years was its improvement in the export sector.
With India emerging as a global automotive hub, domestic tyre companies are expanding their operations and global tyre majors are increasing their presence in the Indian tyre market. The new technological frontiers of the tyre industry in India are radialisation in the truck and bus segments and a shift to high-performance tubeless passenger car radials. Market Segmentation Replacement is the biggest market segment and accounts for about 54% of the overall revenues. The OEM and export segments account for 32% and 14% respectively. Some of the major players in the market are Apollo, JK Tyre, MRF, CEAT, Goodyear among others.
India is a developing economy where iron and steel play a very important role being the prerequisites for modern Indian industrial development. Large amounts of iron and steel is required for constructing bridges, rail tracts, railway rolling stock, ships, vehicles, various machines, power plants, airports, etc. As important industries like Railway locomotive, Ship Building, Heavy and Light Machine, Construction, etc. depend on the availability of iron and steel, iron and steel industry accelerates industrialization and is, therefore, called the backbone of all industries. As on 2013, with crude steel production of 81.2 million metric tons, India is ranked as the fourth largest steel producing country in the world.
They started out with providing customer satisfaction, which was not the trend in automobile sector during those days. They are credit to have brought a revolution in the sector, to be the first company to be a mass production company, and sell more than a million cars in a year. The company has 2 manufacturing plants in Gurgaon and Manesar, which have a joint production capability of 1.5 million vehicles annually. A third plant is being proposed to be functional very soon in Mandal, Gujarat. The company exports its vehicles to over 120 countries across the globe.
They settled in Los Angeles, California and was known as the first international subsidiary of Honda Motor Company, Ltd. The company manufactured and sold over one million motorcycles within the first ten years of being in the United States. After the success of manufacturing motorcycles, Honda decided to produce the Honda N600 in 1969, as the first automobile. This product launched the vision of manufacturing more than just automobiles. During the year of 1973, Honda began to broaden the product line to assemble four stroke marine engines, power sports products including ATV’s and scooters, racing products, power equipment such as generators, lawn mowers, pumps, snow blowers and trimmers, engines for numerous types of automobiles and aircraft (Bloomberg, 2017).