Evolution Of Indian Automobile Manufactures Industries

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Evolution Of Indian Automobile Manufactures
Industries
By Jai Liners - Leading Manufacturers Of Cylinder
Liners
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Growth of Manufactures Of Auto Parts In India
Indian automobile industry is one of the leading
contributors to the Indian economy. Since 1991
the growth of Indian automobile industry has seen
no limits. From that year onwards the FDI
percentage has gone on to score a perfect 100 in
India. Various famous brands has come to India
since then which has led to a an explosion in
number of manufactures auto parts in
India. There are various reasons due to which
manufactures auto parts in India has increased
rapidly over years-
Easy and cheap skilled labor availability in
India.
Space and resources availability.
Easy Government regulation for Foreign Investment.
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Following Factor To Improve In Manufactures of
Auto Parts In India

• Largest three-wheeler market in the world
• World-wide Second largest two-wheeler market
• Tenth largest passenger car market across the
  globe
• Fourth largest tractor market for Asia
• Fifth largest commercial vehicle market across
  the world
• Fifth largest bus and truck segment producers in
  world

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Investment over last few years
As major automobile brands including the likes of
Harley Davidson, KTM and Mahindra has invested
intensely in India over previous years and the
total FDI influx or investment has gone on to
achieve high numbers of US 9,079 million from
year 2010 to 2016 and it is approximated to be
around 4 of the total FDI flow in US dollars.
This increase in international investment has
enhanced Indias economic system intensely and
seeing this growth other manufacturers have tried
invest in country which is a great information
for the economic.
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Benefits Which Have To Increase In Manufactures
Of Auto Parts In India

• Employment opportunities for Indian workforce
• As the number of companies have increased so the
  job opportunities every company need skilled
  workforce to carry out its operations smoothly
  and it is a good opportunity for Indian workforce
  to get a job.

• Trend in sector of Employment
• As the sector is growing heavily so more number
  of brands are setting up their plants in India
  for the same industry hence it is creating a
  trend in terms of employment due to rapid growth
  of companies and so as the jobs.

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• Economic growth for country
• More person getting job means a better economic
  outlook for the country and hence leading to
  economic growth for the country.

• More Foreign Money
• Many multi national brands are coming to India
  and so is their money. It is a well-known fact
  that foreign investment or FDI is backbone for
  any developing nation and so it is for India.
  Indian government is highly benefited from higher
  amount of foreign investment in country as it
  gives them an edge in doing business with other
  countries.

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Jay Auto Industries
Contact Us
SHAH TARUN, SHAH JAY Plot No. 415, GIDC, Odhav,
Ahmedabad - 382415. Gujarat - India. Phone
91-79-22874461 Fax [phone] Mobile
91-99043-04061 / 91-98240-19161 Mail Id
info_at_jailiners.com, sales_at_jailiners.com Site
www.jailiners.com
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