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INDUSTRY PROFILEThe automotive industry is a wide range of companies and organisation Essay
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Nov 28th, 2019

INDUSTRY PROFILEThe automotive industry is a wide range of companies and organisation Essay

INDUSTRY PROFILEThe automotive industry is a wide range of companies and organisation involved in design, development, manufacturing, marketing and selling of motor vehicles. It is one of the world’s most important economic sectors for revenue. The automotive industry doesnot include industries dedicated to maintenance of automobiles following delivery to end-user.The automobile is a primary mode of transportation. Now a days we know that young guys are crazy towards automobiles especially cars. Many students take up their education on automobile sector because of their passion towards automobiles.

They study about motors and machines and also highly willing to take up jobs on automotive sectors. The youth buy cars and spend more on cars by modifying it and take part on the highest use of automobiles. They are on the way to project their life on automobile sectors thereby working on their most interested industry.Automobiles may be classified based onPurpose: Passenger vehicles, Goods vehiclesCapacity: Light motor vehicles, Heavy motor vehiclesFuel used: Petrol vehicle, Diesel vehicle, Electric cab, Steam carriages, Gas vehiclesNumber of wheels: Two wheeler, Three wheeler, Four wheeler, Six wheeler, Eight or more wheelerDrive of the vehicle: Single wheel drive vehicle, Two wheel drive vehicle, Four wheel drive vehicle, Six wheel drive vehicleAUTOMOBILE INDUSTRY AN OVERVIEWIn India, as in many other countries, the auto industry is one of the largest industries.

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It is one of the key sectors of the economy. The industry comprises of automobile and the auto components sectors and encompasses commercial vehicles, multi utility vehicles, passenger cars, two wheelers, three wheelers, tractors and related auto components. The industry has shown great advances sincerely opening up of Foreign Direct Investment (FDI) in 1993. It has deep forward and backward linkages with the rest of the economy, and hence has a strong multiplier effect. This results in the auto industry being the driver of economic growth and India is keen to use it as a lever of accelerated growth in the country. Since the first car rolled out on streets of Mumbai in Ford, Hyundai, Tata motors and other big players who are emerging slowly. Today Indian automotive industry is fully capable of producing various kinds of vehicles and can be divided into three broad categories: Cars, Two wheelers and heavy vehicles. A well-developed transportation system plays a key role in the development of an economy, and India is no exception to it. With the growth of transportation system, the automotive industry of India is also growing at rapid speed, occupying an important place on the canvases’ of Indian economy. During early stages of its development, Indian automobile industry heavily depended on foreign technology. However, over the years, the manufacturers in India have started using their own technology evolved in the native soil. The thriving market place in the country has attracted a number of automobile manufacturers including some of the reputed global leaders to set their foot in the soil looking forward to enhance their profile and prospects to new heights. At present about 75% of India’s automobile industry is made up by small cars. Over the next two or three years, the country is expecting the arrival of more than a dozen new brands making compact car models. The automobile sector of India is the seventh largest in the world. In the year, the country manufactures about 2.6 million cars making up an identifiable chunk in the world’s annual production of about 73 million cars in a year.EVOLUTION OF AUTOMOBILE INDISTRY IN INDIAIn India, since early 1940s, when auto industry rolled out first passenger car, its signifance in the economy has progressively increased. However, from early days till mid-1980s for two wheelers and LCVs and until early 1990s for passenger cars, the focus of development of automotive industries have been on import substitution. The current low penetration level in India in all three segments of industry namely commercial vehicle, passenger cars and two wheelers and under exploitation of the potential of this industry to foster. The automobile industry in India is seventh largest in the world with annual production of over 2.6 million units in 2009. In 2009, India emerged as Asia’s fourth largest exporter of automobiles behind Japan, South Korea and Thailand. By 2050, the country is expected to top the world in car volume with approximately 611 million vehicles on the nation’s road. Indian automobile industry is also fast becoming an outsourcing hub for automobile companies worldwide.FACTS ABOUT AUTOMOBILE INDUSTRY The first automobile in India rolled in 1897 in Bombay India is being recognised as potential energy auto market Foreign players are adding to their investments in India auto industry Within two wheelers, motorcycles contribute 80% of segment size Unlike the USA, the Indian passenger vehicle market is dominated by cars (79%) Tata motors dominates over 60% of Indian commercial vehicle market Two by three of auto component production is consumed directly by OEMs India is largest three wheeler market in the world India is largest two wheeler manufacturer in the world India is second largest tractor manufacturer in the world India is fifth largest commercial vehicle manufacturer in the world The number one global motorcycle manufacturing is in India India is the fourth largest car market in Asia recently crossed the 1 million marketCURRENT SCENARIO OF AUTOMOBILE INDUSTRYAccording to commerce minister Kamal Nath, India is an attractive destination for global auto giants like BMW, General motors, Ford and Hyundai who were setting base in India, despite the absence of specific trade agreements. On the cost front of Indian automobile industry, OEMs are eyeing India in a big way, investing to source production and components at significant discounts to home market.On the revenue side, OEMs are active in the booming passenger car market in India. By 2011, India is expected to witness over ‚№40,000 crore of investment. The automobile industry in India is on an investment overdrive.COMPANY PROFILEIn February 1899 Renault was created by the Renault brothers (Louis, Marcel and Fernand) assisted by two friends (Thomas Evert and Julian Wyre). At the end of world war II, the company was nationalized (largely caused by alleged collaboration with Nazi enemy). Renault is privatized again in the 1990s in order to revive its brand after the disastrous decade across many sectors. Its history has been marked by many social conflicts that today represent an act that will remain in the French Social history.The Renault group designs, develops, manufactures and sells private cars. It sells vehicles under three main brands: Renault sells its vehicles in 118 countries and manufactures these ones in 18 countries, closer to its markets.In 1999, the Renault group took a participation in Japan automaker Nissan and gave birth to the Renault-Nissan alliance. The Nissan group is owner of 15% of Renault capital. Conversely, Renault group is also the first shareholder of Nissan group, with 44% of capital. Should be noted that, within the group, Nissan is both the most efficient (49% of global market share, against 4.1% for Renault, Samsung and Dacia), the most productive and the most profitable.

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