A review study of development of Automobile in India

Authors

  • Navdeep Singh Master of Technology, Department of Mechanical Engineering, National Institute of Technology, Kurukshetra, Haryana, India

Keywords:

Automobiles, Industry, Wheelers, FDI

Abstract

When it comes to national economic development, the car sector plays a significant role. The Indian car industry has gone a long way since 1991, when it was first de-licensed, thanks to the subsequent opening of the sector to 100 percent FDI via the automatic route. Since the industry was de-regulated and opened to foreign direct investment, it has expanded fast. Currently, the nation is home to operations from almost every automotive giant in the world. Production patterns reveal an expanding car industry. Foreign direct investment (FDI) flows into the automotive sector were analyzed in this report for the years 2004-2014. The car industry is experiencing a period of increased output. One of the world's major industries is the automobile market. Autos used to be a luxury, but now they are a necessity. Indian automakers have a lot of room to grow, but the market has slowed significantly recently. The primary goal of this article is to examine the challenges that have led to the automotive industry's recent slump. It examines how the dynamic automotive market landscape affects customer preferences and spending. The report analyses sales data from many Indian automakers to provide light on the market. It also outlines the potential future outcomes and solutions that may be attained via the use of emerging technologies by the automotive industry in order to gain market share and revenue. New advancements in the automotive industry are also highlighted.

References

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Published

30-09-2022

How to Cite

Navdeep Singh. (2022). A review study of development of Automobile in India. International Journal for Research Publication and Seminar, 13(4), 214–221. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/303

Issue

Vol. 13 No. 4 (2022): Vol 13 | Issue 4 | Jul - Sep 2022

Section

Original Research Article

License

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