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Many companies deliver European parts to the Australian market. Indian auto industry, is currently growing at the pace of around 18 % per annum, has become a hot destination for global auto …

Segmentation of market share of automobile industry in India. Potential of the Automobile industry In 2008, Hyundai Motors alone exported 240,000 cars made in India.

Despite the fact that many large companies have problems with overcapacity and low profitability, the automotive industry retains very strong influence and importance. The company stands with a vast 50 years of experience in the industry. Car parts are one of the largest and independent fields in the automobile industry. The automobile industry is a capital-intensive and knowledge-intensive industry, plays an important role in the country’s socio-economic development. The increase in the demand for cars, and other vehicles, powered by the increase in the income is the primary growth driver of the automobile industry in India. Nissan Motors plans to export 250,000 vehicles manufactured in its India plant by 2011. Similar plans are for General Motors.

The Automobile Industry is one of the fastest growing sectors in India. The Automobile Industry of India has come a long way since in 1898 the first car rolled out on the streets of Mumbai (then Bombay). Automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel.The industry’s principal products are passenger automobiles and light trucks, including pickups, vans, and sport utility vehicles. The Role of Automobile Industry in India GDP has been phenomenon. Currently, the industry is booming, involving an increasing number of countries in the production of cars, while the alignment of forces in the automotive market is constantly changing.