Skip to main content

Posts

What are the opportunities in India for international automotive industry?

As we all know,  India is the worl d leader in automotive sector.  The leadership of the country is supported by domestic production capacity, market volume and export quantity. Automobile sector of India produces average 24 million vehicles annually and generates job opportunity for around 30 million people directly and indirectly.  If you try to position it by industry segment, India is the topmost manufacturer of tractors in the world. The country stands fifth in heavy truck manufacturing, sixth in car manufacturing and eight in commercial vehicle manufacturing.  The automotive sector of India offers attractive platform for investors and manufacturers fro m  other countries.  The proof of this is the fact that, German automobile giant Volkswagen is planning to invest almost 7900 Crores in India along with its Czech supporter Skoda. At the same time Kia Motors of South Korea, Toyota, car producers from China and some other car makers are also willing t...

Volkswagen’s 1Bn Euros Investment in the Rapidly Growing Indian Automobile Sector

The Indian Automotive sector is on a drive to changing the  automobile  industry la ndscape. Being the fourth largest country in the Automobile sector, India is expected to be valued between $251.4 Billion and $282.2 Billion by the year 2026.  With the growing dominance of the use of  automobiles  in the country,  the interest of foreign companies in investing in the country for the sector is increasing in parallel.        According to data, the automobile production in India increased by 16.69% year-on-year  to reach 10.88 M illion vehicle units, during the months of April-July 2018. The Compound Annual Growth Rate (CAGR)  in the country,  between  FY 13-18 ,  increased  by  7.01% with 24.97 million vehicles being sold in FY18. BMW and Mercedes-Benz, the leading luxury car manufacturers recorded their best-ever half-yearly sales in India during January-June 2018.    The Indian ...