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.
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.
Global auto majors like Ford, GM (GM) and Volkswagen (VLKAY) are investing heavily in the country. However, these carmakers aren't up to the mark in the Indian market so they are focusing more on exports. For instance, Ford’s domestic sales have been flat at best this year. In fact, Ford saw a decline of 8% in domestic sales in the month of February in India. The Blue Oval sold 5,483 units last month in India compared to 5,959 units last year.
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).
Main players of the Automobile industry are Toyota, General motors, Volkswagen, Honda, Ford and more. The Automobile Industry is very complex and to start a business in automobile industry high level of capital investment is required. Not only huge amount of money but also a labor force will be essential, which are the main barriers to enter into the automobile industry. For Example, the US auto industry was once considered safe until Honda Motors gave a big challenge to these companies by opening a manufacturing plant in Ohio. The Automobile industry includes many other industries as well for example, tires and seat manufacture.
Toyota Motor Corporation is one of the leading automotive manufacturers in the world. The headquarters of the company are located in Aichi, Japan. The company was founded by Kiichiro Toyoda in August 28, 1937. According to a survey in 2013 the corporation consisted of 333,498 employees worldwide and was ranked as twenty-fifth largest company in the world by revenue. The revenue of the company is 397.05 billion yen (as of May 2014).
Indian IT Industry Management Information Systems Mid-term Review Balasubramanian P [MS14A020] Chandan Kumar Sahani [MS14A023] Chirag Gupta [MS14A024] Overview of Indian IT Industry The Indian IT industry is increasing steadily despite the global slowdown in 2009. When the whole of the world witnessed negative growth, Indian IT industry still managed to showcase a growth of 5.5%. The industry is set to register the historic landmark of US $ 50 billion exports current year, according to the NASSCOM President, Som Mittal. The market of domestic is also hopeful to witness 12% growth, this current year. Potential size of India’s
The automobile industry accounts for 7.1 per cent of the country 's gross domestic product (GDP).As per data provided by Society of Indian Automobile manufacturers, the Indian Auto industry produced a total of 7.8 million vehicles in April-July 2015 as against 7.7 million in April-July 2014, thereby indicating a growth of 1.8 per cent year-on-year. Trade unions in India have come a long way since the first organized trade union - the Madras Labor Union, formed in 1918. India now has more than 85k registered trade unions along with an unaccounted number of unregistered trade unions scattered across a large spectrum of industries in India. The potential for growth in trade union represented workers is huge given the fact that India is likely to have a working population of more than 64% by the year 2021. The trade union movement in India began after the end of First World War due to the need for coordination of activities of individual unions.
Automobile industry is the business which involves production and selling of self-powered vehicles including passenger cars, trucks, farm equipment, and other commercial vehicles. The automobile industry has helped many people to involve in work, shopping and entertainment. This industry has also encouraged the development of roadways that made possible the growth of suburbs and shopping centers around major cities. It is also playing a key role in the growth of ancillary industries, such as the oil and travel businesses. The auto industry has become one of the largest purchasers of many key industrial products, such as steel.