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Worldautoforum: Capturing the personality of the automobile industry

The Indian automobile and auto ancillary industry has risen in a very distinct way in the last couple of decades post liberalization. As such, it has generated a name for itself through various innovations, while targeting the changing needs of the Indian consumer. The country is already the second largest manufacturer of motorcycles in the world with a annual sales exceeding 8.5million in 2009 itself. India’s passenger car and commercial vehicle manufacturing industry is the seventh largest in the world with an annual production of more than 2.6 million units in 2009. India is also the fastest growing automobile industry with a consistent growth rate of 25-30% annually. Even Indian automobile exports have grown to about $4.6 billion in 2009.

Not only that, due to India’s strong engineering base and expertise in the manufacturing of low-cost, fuel-efficient vehicles, several automobile companies like Hyundai Motors, Nissan, Toyota, Volkswagen & Suzuki have set up manufacturing bases here. Indian Automobile market witnesses a large scale manufacturing of cars, bikes, vans, buses and tractors.

Indian automobile industry is occupied by various major automobile manufacturers like Tata Motors, Ford Motors, Volkswagen, Maruti Udyog, Hero Honda, Bajaj Auto, Yamaha Motor etc. Indian manufacturers have taken giant strides in product innovation with the launch of low-cost cars like Tata Nano or through the acquisition of international brand like Jaguar.

Tata Motors is also planning to launch an electric version of its low-cost car Nano in Europe and the U.S. Mahindra & Mahindra is preparing to introduce its pickup trucks and small SUV models in the U.S. Market. Bajaj is designing a low-cost car for the Renault Nissan which will market the product worldwide. Renault Nissan may also join domestic commercial vehicle manufacturer Ashok Leyland in an their small car project.

Ever since the foreign direct investment has been allowed, the automobile market has got its foot on the accelerator. The growth of Indian middle class with increased consumption power and availability of trained manpower at reasonable cost is another reason for the eminent growth and has pushed it to new capacities. International automobiles giants have helped Indian automobile sector to enlarge by setting up local basis. The increasing competition in auto companies has opened up many choices for Indian consumers at competitive costs. The Indian Automobile industry is growing in all respects and it is also serving as an important source of employment. Many people seek to join the automobile industry as a career alternative. Innovation and new product launches are a major factor driving growth in sales of vehicles.

The Indian auto component industry is one of India’s sunrise industries with tremendous growth prospects. From a low-key supplier providing components to the domestic market alone, the industry has emerged as one of the key auto components centres in Asia and is today seen as a significant player in the global automotive supply chain. India is now a supplier of a range of high-value and critical automobile components to global auto makers such as General Motors, Toyota, Ford and Volkswagen, amongst others. The entry of new generation vehicles and demand for genuine spare parts also helped in adding to the sales for the companies. Industry experts opine that growing demand for genuine spare parts would strengthen the sector

Worldautoforum.com has created a website to cater to the changing role of the automobile industry and automobile components manufacturers and also to offer positions for dynamic individuals seeking careers or jobs in the industry. The site not only caters to the Indian automobile industry but seeks the global auto industry. It wants to provide the latest auto news on the subject and provide an news and analysis from expert opinions across the world.

About the Author

<a http://www.worldautoforum.com>Author is the owner and director of http://www.worldautoforum.com</a>

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