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Automobile Industry in India

The Indian automobile industry is one of the leading industries of its kind on a global scale – it also occupies a similar status when it comes to growth rate. On an average the industry produces at least 17.5 million vehicles, including four wheelers and two wheelers, per year. Its annual exports amount to approximately 2.33 million.

India is also one of the top two producers of motorcycles on a global basis and every year sells around 8.5 million vehicles. The sector for commercial vehicles and passenger cars in India is among the top 7 in the world. This industry produces at least 3.9 million cars per year.

Indian Automobile Industry – Salaries and Job Scenario

Indian and Brazilian Automobile Industries

Recently published reports state that India is all set to dethrone Brazil and become the sixth biggest manufacturer of passenger cars in the world. It is expected that in the 2014-15 financial year this industry will be producing almost 5 million units, which would indicate a growth of 33.9 percent. India is also among the top exporters of passenger cars along with Japan, Thailand and South Korea.

Indian Automobile Industry Growth Prospects

The Society of Indian Automobile Manufacturers estimates that by 2015 India shall be producing 5 million vehicles and in the next 5 years this would increase by a further 4 million. It is expected that by 2050 India would be sitting atop the global automobile market with 611 million cars in its streets.

Indian Automobile Industry Manufacturing Hubs

Chennai is the hub for the automobile manufacturing industry of India. Leading names from the global automobile industry like Ford, Renault, Hyundai and Nissan have made it the headquarters of their Indian operations leading to the sobriquet “Detroit of India”.

BMW also has an assembly plant in the areas surrounding Chennai. The city also accounts for almost 60 percent of India’s automotive exports. The cars marketed by Maruti Suzuki are made in Manesar and Gurgaon in Haryana.

Top companies such as General Motors, Mercedes Benz, Volkswagen, Land Rover, Skoda, Fiat, Mahindra and Mahindra, Force Motors and Tata Motors are based at Chakan near Pune. Some of the other important Indian cities may be mentioned in this regard:

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