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The Changing Face of Indian Auto Industry
By James Marriot
With a good growth in the Indian economy and a low inflation rate, the auto industry considers it would certainly be a fine starting point for getting foreign vehicles to the Indian auto industry. It is expected that as the years go on sales of the finest passenger cars is going to rise.
To survive in the auto industry today, one is thought to produce practically high-quality cars for consumption on mass scale & that too at attractive prices. The production cost of cars in India is definitely less than that in Japan, USA, or Germany.
The Indian auto industry structure is exceptional when weighed against other developed markets of the world. India has a large market for four-wheelers, with a sizeable market for two-wheelers (bikes, motorcycles & scooters), three-wheelers & commercial truck markets.
But, with growth of Indian automotive sector it has also entered Asian elite group of auto-manufacturing nations. If worldwide Original Equipment Manufacturer (OEMs) desires to rule Indian roads, they would have to manufacture cars, which are world-class having Indian cost configurations.
The Indian car market which includes SUVs (sport/utility vehicles), has grown & diversified over the past 10 years in excess of a dozen key automakers, 2 dozen models & 50 variants.
In the past few years' auto producers from all around the world are speeding up to India to take benefits of growing disposable earnings. India is rising as a huge legend in the markets for passenger cars. A large number of new car models are being designed & being launched by Indian automobile producers, thus the new cars need to be exceptionally forceful to obtain a part of this increasing pie.
Thus, to avail further information about Indian Automobile Industry, its growth & potential read the report: "Indian Automobile Industry: An Analysis (2005-2010)" published by RNCOS at:
http://www.rncos.com/Report/IM028.htm
RNCOS is an industry leader in the field of online business research. We specialize in industry research on various business verticals. To read our other reports, please visit us at our website: - http://www.rncos.com/Report.htm or email us at info@rncos.com.
To get the latest news visit our newly launched Blog section at http://www.rncos.com/Blog/
About the Author
We provide global business information for industry research, business consulting, & bring reputed companies and firms to us for business enhancement solutions.
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