Scribd
Upload
119 views3 pages

Exports: Automobile Industry in India

The automobile industry in India has grown significantly since economic liberalization in 1991. It is now the ninth largest producer of vehicles globally, with over 2.3 million produced annually. Major players like Maruti Suzuki, Tata Motors, and Mahindra & Mahindra have expanded in both domestic and international markets. The industry also attracts investment from many multinational firms who manufacture vehicles in India. India has emerged as a top exporter of small cars, with companies like Hyundai exporting over 200,000 vehicles in 2008.

Uploaded by

Mounika Ch
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
119 views3 pages

Exports: Automobile Industry in India

The automobile industry in India has grown significantly since economic liberalization in 1991. It is now the ninth largest producer of vehicles globally, with over 2.3 million produced annually. Major players like Maruti Suzuki, Tata Motors, and Mahindra & Mahindra have expanded in both domestic and international markets. The industry also attracts investment from many multinational firms who manufacture vehicles in India. India has emerged as a top exporter of small cars, with companies like Hyundai exporting over 200,000 vehicles in 2008.

Uploaded by

Mounika Ch
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Automobile industry in India

The automobile industry in India is the ninth largest in the world with an annual production
of over 2.3 million units in 2008 In 2009, India emerged as Asia's fourth largest exporter of
automobiles, behind Japan, South Korea and Thailand.
Following economic liberalization in India in 1991, the Indian automotive industry has
demonstrated sustained growth as a result of increased competitiveness and relaxed
restrictions. Several Indian automobile manufacturers such as Tata Motors, Maruti Suzuki
and Mahindra and Mahindra, expanded their domestic and international operations. India's
robust economic growth led to the further expansion of its domestic automobile market which
attracted significant India specific investment by multinational automobile manufacturers. In
February 2009, monthly sales of passenger cars in India exceeded 100,000 units.
bryonic automotive industry emerged in India in the 1940s. Following
the independence, in 1947, the Government of India and the private sector launched efforts to
create an automotive component manufacturing industry to supply to the automobile industry.
However, the growth was relatively slow in the 1950s and 1960s due to nationalization and
the license raj which hampered the Indian private sector. After 1970, the automotive industry
started to grow, but the growth was mainly driven by tractors, commercial vehicles and
scooters. Cars were still a major luxury. Japanese manufacturers entered the Indian market
ultimately leading to the establishment of Maruti Udyog. A number of foreign firms initiated
joint ventures with Indian companies.
In the 1980s, a number of Japanese manufacturers launched
joint-ventures for building motorcycles and light commercial-vehicles. It was at this time that
the Indian government chose Suzuki for its joint-venture to manufacture small cars.
Following the economic liberalization in 1991 and the gradual weakening of the license raj, a
number of Indian and multi-national car companies launched operations. Since then,
automotive component and automobile
manufacturing growth has accelerated to meet domestic and export demands.

Exports
India has emerged as one of the world's largest manufacturers of small cars. According to
New York Times, India's strong engineering base and expertise in the manufacturing of low-
cost, fuel-efficient cars has resulted in the expansion of manufacturing facilities of several
automobile companies like Hyundai Motors, Nissan, Toyota, Volkswagen and Suzuki.
In 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. Similarly, General Motors
announced its plans to export about 50,000 cars manufactured in India by 2011.
In September 2009, Ford Motors announced its plans to setup a plant in India with an annual
capacity of 250,000 cars for US$500 million. The cars will be manufactured both for the
Indian market and for export. The company said that the plant was a part of its plan to make
India the hub for its global production business. Fiat Motors also announced that it would
source more than US$1 billion worth auto components from India. According to Bloomberg
L.P., in 2009 India surpassed China as Asia's fourth largest exporter of cars.

Indian automobile companies


Notable Indian automobile manufacturers
• Ashok Leyland
• Chinkara Motors: Beachster, Hammer, Roadster 1.8S, Rockster, Jeepster, Sailster.
• Force Motors
• Hindustan Motors: Ambassador.
• Mahindra: Major, Xylo, Scorpio.
• Maruti Suzuki: 800, Alto, WagonR, Estilo, AStar, Ritz, Swift, Swift DZire, SX4, Omni,
Versa, Gypsy
• Premier: Sigma, Roadster, RiO.
• San Motors: Storm
• Tata Motors: Nano, Indica, Indigo, Sumo, Safari, TL.Aria

Electric car companies in India


• Ajanta Group
• Mahindra
• Hero Electric REVA
• Tara International
• Tata Motors

Notable Multi-national automobile manufacturers


Locally manufactured Automobiles of Multi-national Companies
21 • Audi: A4, A6.
• BMW: 3 Series, 5 Series.
• Chevrolet: Spark, Beat, Aveo U-VA, Aveo, Optra, Cruze, Tavera.
• Fiat: Palio, Grande Punto, Linea.
• Ford: Ikon, Fiesta, Fusion, Endeavour, Figo
• Honda: Jazz, City, Civic, Accord.
• Hyundai: Santro, i10, Getz, i20, Accent, Verna, Hyundai, Sonata.
• Mercedes-Benz: C-Class, E-Class
• Mitsubishi: Lancer, Lancer Cedia.
• Nissan: Micra
• Renault: Logan
• Skoda: Fabia, Octavia, Laura.
• Toyota: Corolla, Innova, Fortuner
• Volkswagen: Jetta, Passat, Polo.
22 Cars sold in India as CBU (Completely Built Units)
• Audi: A8, TT, R8, Q5, Q7.
• Bentley: Arnage, Azure, Brooklands, Continental GT, Continental Flying Spur,
Mulsanne.
• BMW: 6 Series, 7 Series, X3, X5, X6, M3, M5, M6 and Z4.
• Chevrolet: Captiva
• Fiat: Nuova 500.
• Honda: Civic Hybrid, CR-V.
• Hyundai: Santa Fe.
• Jaguar: XF, XJ, XK.
• Lamborghini: Gallardo, Murciélago.
• Land Rover: Range Rover, Range Rover Sport, Discovery 4, Freelander 2.
• Maybach: 57 and 62.
• Mercedes-Benz: CL-Class, CLS-Class, S-Class, SL-Class, SLK-Class, M-Class, Viano.
• Mitsubishi: Pajero, Montero, Outlander.
• Nissan: Teana, X-Trail, 307Z.
• Porsche: 911, Boxter, Panamera, Cayman, Cayenne.
• Rolls Royce: Ghost, Phantom, Phantom Coupé, Phantom Drophead Coupé.
• Škoda: Superb.
• Suzuki: Grand Vitara.
• Toyota: Camry, Land Cruiser, Land Cruiser Prado, Prius.
• Volkswagen: Beetle, Touareg.
• Volvo: S80, XC90.

You might also like