Automobile Industry

The Indian automobile industry has made a rapid progress in the recent years. Thanks to the government's liberalization polices, easy finances, price discounts, tax relief, the Indian automobile industry is thriving at a fast pace.

Highlights of Indian Automobile Industries
It is a well known fact that for the economy to develop it is very important to have good transportation system and keeping these things in mind the automobile industry is growing rapidly. The annual growth rate is between16% to18%. Today India can produce every kind of automobiles right from cars and two wheelers to heavy vehicles. And not only Indians but foreigners too are investing their money in the Indian Automobile industries. The growth of auto industries can be understood from the following facts:

Leading Automobile Dealers in India
Some of the giant two wheeler companies in India are Hero Honda, TVS, Bajaj, Mahindra, Tata Motors etc. The leading car manufacturing company of India is Maruti Udyog. Other such companies are Mahindra, Tata Motors etc. Recently Ratan Tata, Chairman (Tata Motors) created history by launching the world's cheapest car NANO. The price is just one lakh rupees. The manufacturers of heavy vehicles are Ashok Leyland, Tata Motors etc.

Future of the Automobile Industry
It is also estimated that in the coming years this industry is going to develop further and India is going to be a source base for global auto manufacturers. The global giants of automobile industries, such as Honda, Suzuki, Hyundai have already launched their SUV's and recently Tata Motors have owned Ford's British brands Land Rover and Jaguar. In the coming times it is beyond a shadow of a doubt that India will reign supreme in auto industries and every commuter will either have a car, bike or scooter at his disposal.