Automobiles

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Automobile Industry

The automobile industry designs, develops, manufactures, markets, and sells the world's motor vehicles. In 2008, more than 70 million motor vehicles, including cars and commercial vehicles were produced across the world.
Around the world, there were about 806 million cars and light trucks on the road in 2007; they burn over 260 billion gallons of gasoline and diesel fuel yearly. The numbers are increasing rapidly, especially in China and India which are known to be fast growing economies. Though global automobile industry Production is growing continuously but at the same time the industry is also facing increasing external competition from the public transport sector, as consumers re-evaluate their private vehicle usage.
And because of this competition global giant auto manufactures like Hyundai, TVS, Ford, Maruti Suzuki, Audi , Porsche, Toyota and many other keep on launching new and luxurious models of car, trucks and bikes to attract maximum customers.

India Automobile Industry


Indian automobile industry is the tenth largest in the world with an annual production of approximately 2 million units. Indian auto industry, promises to become the major automotive industry in the upcoming years and the industry experts are hopeful that it will touch 10 million units mark. The major car manufacturers in India are Maruti Udyog, Hyundai Motors India Ltd., General Motors India Pvt. Ltd., Honda Siel Cars India Ltd., Toyota Kirloskar Motor Ltd., Hindustan Motors etc. Indian auto industry has revived itself and is making its impact felt. The small car segment in India has attracted the most attention. Maruti 800, one of the first city cars, manufactured by Maruti Udyog Ltd in India, is the largest selling car in Indian Market.



arious multinational car companies Like Ford are also selling diverse models of cars in Indian Market. One can find all types of cars in India. As some people are competing to grab the latest model, the used car market is also growing at a parallel speed. Even big car companies themselves are now buying used cars and reselling them. Another notable development in the Indian auto industry is the rising popularity of the rental cars in India due to the influx of population from smaller towns to the big cities and expansion of the business community.