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Home » Trends of Automobile Industries in India

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Trends of Automobile Industries in India

SA News
Last updated: October 18, 2024 3:26 pm
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Manufacturing of automobile industries contributes in Indian GDP is 7-8%. It plays a crucial role in the manufacturing sector and contributes to employment.  

Contents
Automotive mission Plan (AMP)2016-2026Global Automotive come in central stageFactors responsible for growth of this sector includeWhat is Bharat Stage VI (BS VI)?Latest Change in IndiaHistory of Manufacturing Industries in India.

Automotive mission Plan (AMP)2016-2026

  • India outlines a strategic framework for the growth and development of the automotive sector.
  • AMP strategies are achieve global recognition, increase production, employment generation, promote research and  development, enhance exports, focus on sustainability.
  • In 2023 India become a 5th largest automobile industry in the world
  • To impart the sector specific skills, an ‘Auto skill Development council’ has also been set up.
  • Manufacturing of Tractor in India is 2nd largest country in the world. Manufacturing of two wheelers in India is 2nd largest in the world. Manufacturing of cars in India is 5th largest in world & manufacturing of commercial vehicles in India is 7th largest in world.
  • India was 30th place on the ‘Global Manufacturing Index’ released by the World Economic Forum(WEF)
  • Nearly 35 million people are directly or indirectly dependent on the automobile industries.
  • India is a major manufacturing multinational company in World are Merced’s, BMW, Toyota, Hyundai.

Global Automotive come in central stage

Today automobile are in many clusters.

  • North -Delhi, Gurgaon, Faridabad
  • East- Jharkhand, Jamshedpur
  • South – Chennai, Bengaluru
  • West – Mumbai, Pune, Nashik, Aurangabad, Sanand, Hansalpur Bechdraji, Vithalapur belt.

Factors responsible for growth of this sector include

  • Role of domestic demand.
  • Maruti Suzuki Collabration.
  • TATA group- budget friendly for common people.
  • TATA Indica & TATA Nano

According to experts, future automotive industries are sustainable, cost efficient & technology driven.

What is Bharat Stage VI (BS VI)?

  • Bharat Stage Emission Standards’ were brought in 2000 to control the vehicular emission.
  • It will implemented from April 1, 2020.
  • Mandates installing filters in vehicles to cut particulate matter from exhaust.
  • Complying vehicles are less polluting due to less emission to toxic gases.
  • Mandates on board diagnostics for vehicle maintenance.
  • Vehicle makers must manufacture, sell and register only BS-VI (BS6) vehicles from April 1, 2020.
  • Automobile industry become a $51.4 to 282.8 billion industry by 2026 and fulfill our dream of “Make India Great Again”.

Latest Change in India

  • ADAS: Advanced Driving Assistant System, IOT: Internet of Things Technology, Safety: Bharat  NCAP, Electricfication
  • The Indian auto industry is changing a lot with new technology like electric cars, self driving cars and share ride service becoming more popular.

History of Manufacturing Industries in India.

  • In 1950 India started to manufacture cars & importing started,
  • India’s first fully indigenous car came out in 1998. That was TATA Indica, it is the first car whose everything from its’s engine to the body was designed & development in India.
  • Indian companies seem to be lagging than Corean & Japanese companies
  • In Indian history there was a dark period for Industries i.e Licenses raj to run a company required more than 80 License to set up a factory. To procure these licenses took more than 410 days.
  • In that time companies run by government not the owners & the government dictated everything from production capacity to the cost of the cars.

In Indian automobile industry is a pivot moment characterized by innovation & adaption to new realities. Automobile industry is the midst of a significant transformation, driven by electrification, autonomous technology, connectivity, shared mobility and sustainability. Automobile industry is poised for a future that prioritizes innovation, sustainability customer- centric solutions.

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