Worldautoforum: Capturing the personality of the automobile industry
The Indian automobile and auto ancillary industry has risen in a very distinct way in the last couple of decades post liberalization. As such, it has generated a name for itself through various innovations, while targeting the changing needs of the Indian consumer. The country is already the second largest manufacturer of motorcycles in the world with a annual sales exceeding 8.5million in 2009 itself. India’s passenger car and commercial vehicle manufacturing industry is the seventh largest in the world with an annual production of more than 2.6 million units in 2009. India is also the fastest growing automobile industry with a consistent growth rate of 25-30% annually. Even Indian automobile exports have grown to about .6 billion in 2009.