Automobile Industry, India Automobile Industry Essay Example for Free

Automobile Industry, India Automobile Industry Essay Automobile industry (27) , Suzuki (5) company About StudyMoose Contact Careers Help Center Donate a Paper Legal Terms & Conditions Privacy Policy Complaints Following India’s growing openness, the arrival of new and existing models, easy availability of finance at relatively low rate of interest and price discounts offered by the dealers and manufacturers all have stirred the demand for vehicles and a strong growth of the Indian automobile industry. The data obtained from ministry of commerce and industry, shows high growth obtained since 2001- 02 in automobile production continuing in the first three quarters of the 2004-05. Annual growth was 16. 0 per cent in April-December, 2004; the growth rate in 2003-04 was 15. 1 per cent The automobile industry grew at a compound annual growth rate (CAGR) of 22 per cent between 1992 and 1997. With investment exceeding Rs. 50,000 crore, the turnover of the automobile industry exceeded Rs. 59,518 crore in 2002-03. Including turnover of the auto-component sector, the automotive industry’s turnover, which was above Rs. 84,000 crore in 2002-03, is estimated to have exceeded Rs. 1,00,000 crore ( USD 22. 74 billion) in 2003-04. Automobile Dealers Network in India In terms of Car dealer networks and authorized service stations, Maruti leads the pack with Dealer networks and workshops across the country. The other leading automobile manufactures are also trying to cope up and are opening their service stations and dealer workshops in all the metros and major cities of the country. Dealers offer varying kind of discount of finances who in tern pass it on to the customers in the form of reduced interest rates. Major Manufacturers in Automobile Industry Maruti Udyog Ltd. General Motors India Ford India Ltd. Eicher Motors Bajaj Auto Daewoo Motors India Hero Motors Hindustan Motors Hyundai Motor India Ltd. Royal Enfield Motors Telco TVS Motors DC Designs Swaraj Mazda Ltd Government has liberalized the norms for foreign investment and import of technology and that appears to have benefited the automobile sector. The production of total vehicles increased from 4. 2 million in 1998- 99 to 7. 3 million in 2003-04. It is likely that the production of such vehicles will exceed 10 million in the next couple of years. The industry has adopted the global standards and this was manifested in the increasing exports of the sector. After a temporary slump during 1998- 99 and 1999-00, such exports registered robust growth rates of well over 50 per cent in 2002-03 and 2003-04 each to exceed two and- a-half times the export figure for 2001-02. Automobile Export Numbers Category1998-991998-99Passenger Car25468121478Multi Utility Vehicles26543892Commercial Vehicles1010819931Two Wheelers100002256765Three Wheelers2113851535Percentage Growth-16. 632. 8 THE KEY FACTORS BEHIND THIS UPSWING Sales incentives, introduction of new models as well as variants coupled with easy availability of low cost finance with comfortable repayment options continued to drive demand and sales of automobiles during the first two quarters of the current year. The risk of an increase in the interest rates, the impact of delayed monsoons on rural demand, and increase in the costs of inputs such as steel are the key concerns for the players in the industry. As the players continue to introduce new models and variants, the competition may intensify further. The ability of the players to contain costs and focus on exports will be critical for the performance of their respective companies. The auto component sector has also posted significant growth of 20 per cent in 2003-04, to achieve a sales turnover of Rs. 30,640 crore (US$ 6. 7 billion). Further, there is a potential for higher growth due to outsourcing activities by global automobiles giants. Today, this sector has emerged as another sunrise sector. EVEN GROWTH Opposing the belief that the growth in automobile industry has catered only to the top income-stratum of society, Growth of exports of 32. 8 % in the first three quarters of 2004-05, the fastest growth in volumes has come from commercial vehicles as against passenger cars. Between 1998-99 and 2003-04, output of commercial vehicles has grown 2. 8 times compared to the 2. 2 times increase in passenger cars. Furthermore, two-wheeler output continues to dominate the volume statistics of the sector. In 2003-04, for every passenger car turned out by the sector, there were 7 two-wheelers produced. In the two wheeler segment, there is a greater preference for motorcycles followed by scooters, with both production and domestic sales of motorcycles increasing at faster rates than for scooters in the current and previous years. However, mopeds have registered low or negative growth. Export growth rates have been high both for motorcycles and scooters. Automobile Industry, India Automobile Industry. (2017, Feb 06). We have essays on the following topics that may be of interest to you

Reading response Essay Example | Topics and Well Written Essays - 500 words - 32

Reading response - Essay Example The amazing thing is that most of the ideas extended by the original work and its critics are in the nature of fictitious blames and lack any substantial material to base them on. The article also shows how the nation has a long standing history of being scared of minorities and diversity. It was not without a reason that the book, The Awful Disclosures of Maria Monk won an avid readership, not only in her days, but even today. The irony that the American masses do have a history of being afraid of the foreign and the different does ensue from this article. The writer in a way does succeed in bringing out the fact that the work The Awful Disclosures of Maria Monk did intend to present the Catholic Church as a symbol of evil and it strongly intended to present the Catholic priesthood as embodiment of carnal pleasures and immorality. The author brings out the fact that Maria Monks never resided in a Catholic convent and that her mental capacities and morality were never beyond doubt. There is other side of the coin also. It is obvious that the writer Ruth Hughes is a Catholic and intends to unravel the lying and falsehood resorted to by Maria Monks and her supporters, to debase and vilify the Catholic Church. However, while doing so, Hughes did fail many times to show the kindness, compassion and forgiveness that so typically define the Catholic faith. Instead one is resorting to the kind of aggressive and base tactics that were resorted to by one’s opponents. Ruth Hughes is trying to do away with the accusation made by Maria Monks and her supporters by vilifying their character and sense of morality and ethics. It would have been much saner if Hughes had come down on this vilification of the Catholic by taking a higher ground. This would have presented one’s faith to the readers in a more favorable and benign light and would have brought out the irresponsible

My Choice Is Illinois State University Personal Statement

My Choice Is Illinois State University - Personal Statement Example In fact, the idea of getting out of school has crossed my mind. Unfortunately, not much had changed when I started college because of struggling with a degree in psychology. Honestly, I was not genuinely passionate about that endeavor and at the same time, I lacked the necessary skills in effective learning. Concurrently, despite the challenges, one’s love for my family and recognition for a desire to pursue a career in nursing prompted me to move on.  After reflecting on all of my mistakes, I realized that these experiences were instrumental in making me a strong, independent and passionate woman that I am today. Being a full-time mom, worker, and the student is hard and only after I quit my full-time job to fully devote one’s time for my family and my schooling, was I able to capitalize on my full potentials. There is this innate desire for a healthcare profession and realized that I enjoy assisting people in need. By providing patient care, there is a rewarding fee ling for being able to give my time for a good cause while gaining some knowledge about nursing care. I even volunteered at the hospital down the street from home once a week for a few hours to fulfill my desire for serving and learning. I began to study like I have never before, got a tutor in the spring semester of this year, and was able to learn some very valuable skills in studying. I plan not to let anything hinder me in receiving my nursing degree and I am a testimony to other students who are struggling in school, that with the right tools one can overcome weaknesses and succeed in the plans earmarked in life. My academic strengths are studying, time management, being focused, and learning the necessary skills required to support one’s field of endeavor. My GPA is only 3.15 but my nursing prerequisite GPA is 3.66.