Indian Automobile Industry is one of the larger automobile markets in the world and it is one of the fastest growing countries globally.
India’s passenger car and commercial vehicle manufacturing industry is the 6th largest country in the world, with an annual production of more than 3.9 million units in 2011. In the recent years, India overtook Brazil and became the 6th largest passenger vehicle producer in the world. The industry is growing by 16 to 18 per cent in 2011-12. In 2009, India emerged as Asia’s 4th largest exporter of passenger cars, behind Japan, South Korea, and Thailand. In 2010, India beat Thailand and become Asia’s 3rd largest exporter of passenger cars.
By 2010, India automotive vehicles were produced 3.7 million vehicles, and making the country 2nd fastest growing auto market in the world. According to the Society of Indian Automobile Manufacturers, India automotive sales will increase to 4 million by 2015.
The Indian Car Manufacturing industry is divided into 3 major clusters; South, West and North. The Southern part is consisting of Chennai with 35% of the revenue share. The Western part near Mumbai and Pune share 33& of the revenue and the Northern part around the National Capital Region contribute 32%.
In Northern part, Gurgaon and Maneshar in Haryana is the largest car manufacturer division, Maruti Suzuki is based.
In Western, Chakkan corridor near Pune, Maharashtra has companies like General Motors, Volkswagen, Skoda, Mahindra & Mahindra, Tata Motors, Mercedes-Benz, Land Rover, Jaguar Fiat, and Force Motors. Mahindra & Mahindra based Nashik plant a major base of UV assembly unit and an Engine assembly unit.
In 1899, the first car ran on India’s roads. Mahindra & Mahindra was established in 1945 and started assembly Jeep CJ-3A utility vehicles.
India’s automobile exports have grown slightly and reacher $4.5 billion in 2009. And it is expected to cross $12 billion by 2014.
According to New York Times Magazine, India’s strong engineering base and expertise in the manufacturing of low-cost, fuel-efficient cars has resulted in the expansion of manufacturing facilities of several automobile companies like Hyundai, Nissan, Toyota, Volkswagen and Maruti Suzuki.