Indian Auto Industry

Essay specific features

 

Issue:

Business

 

Written by:

Ruth M

 

Date added:

April 1, 2016

 

Level:

 

Grade:

A

 

No of pages / words:

9 / 2283

 

Was viewed:

2599 times

 

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Essay content:

The industry has grown at a CAGR of 14% p.a over the last 5 years, with sales of 9 million vehicles in 2005-06 .Because of its large market (India has a population of 1.1 billion; the second largest in the world), a low base of car ownership (7 per 1,000 people) and a surging economy, India has become a huge attraction for car manufacturers around the world...
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The industry is valued at about US$ 35 billion contributing about 3.1% of India's GDP (nominal). India's cost-competitive auto components industry is the second largest in the world. In addition, India's motorcycle market is also the second largest in the world with annual sales of about 5 million units...
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