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Automobile India - A Nation on Wheels
Automobile industry can be gauged by the fact that India has emerged as one of the largest automobile manufacturers in the whole world as well as the most rapidly growing industry across the globe.
By: Rasia Sharma
It was only towards the turn of the eighteenth century in 1897, when the first automobile rolled over on the Indian roads and it was not till the late third decade of the nineteenth century, that the Automobile India came into existence. Automobile India has come of age ever since and has become a burgeoning industry today. The expansion of the automobile industry can be gauged by the fact that India has emerged as one of the largest automobile manufacturers in the whole world as well as the most rapidly growing industry across the globe. Presently, there is a multitude of diverse types of cars being manufactured in all classes of vehicles and it has become extremely complex to make an appropriate selection of the car.
The Ancillary Industry
With the development of the indigenous automotive manufacturing industry, there has been a phenomenal growth of the ancillary industry relative to the auto parts manufacturers India. The tremendous augmentation of the auto parts manufacturers India has developed into another flourishing industry which caters to the supply of indigenously manufactured auto parts both to the manufacturers as Original Equipment Manufactures supplies as well as to distributors and retailers. These auto component manufacturers produce myriad types of components that are used in the manufacture of the cars. The wide range of auto components produced by the auto component manufacturers are not sufficient to cater to the increasing demands of the automobile manufacturers not only due to the unprecedented flow of various brands of cars that are being manufactured in the country but owing to the latest models of cars being introduced.
Besides manufacturing of auto components India, there is a phenomenal increase in the auto accessories market. Every new buyer of a car goes shopping for accessories, which are wide ranging in quality and price. It has become a fad to shop for the most expensive auto accessories, since they feel that if they have spent so much money on the purchase of a car, a few thousands would not make a great difference.
Auto Parts Exporters India have carved out a niche in the export market, since a large number of people in the auto parts manufacturing business have embarked on exporting their products to other countries where the requirements far exceed the demands in the domestic market. Auto Parts Exporters India generates substantial revenue from exporting auto parts to prospective buyers abroad.
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