The auto mart in India seems to have evolved like never before. With vehicles carving a niche in the global market place, laurels have been pouring in from European and US automotive majors of the likes of BMW and Daimler Chrysler. The global auto manufacturers are fast recognizing and accepting the vehicles and components from India, said a report.
The government too has set its best foot forward to enable acceleration of the Indian automotive sector.
The government has emphasized that it would take all the necessary steps to make India world’s manufacturing workshop. The Centre has readied a mission plan for the automotive sector for 2006-2016 period to up turnover by four times. It is believed that the mission plan would take into consideration all the strata of the society, particularly the lower section in rural locales.
India today has the capacity to buy. With the level of disposable income on the uptrend, especially among young adults, coupled with and low EMIs, have made buying a vehicle the easiest task ever.
A recent RNCOS research report has said that the Indian automobile segment is currently one of the top auto industries in the whole of Asia, and that this sector would see a further growth with adequate support from the part of the government.Labels: Auto Industry, Cars |
