Industry Profile Of The Automotive Industry

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INDUSTRY PROFILE:
Automotive sector, as a business industry took shape, in the era of early nineteenth when Henry Ford started production of cars in bulk. And, this led to the development of the industry. After then, the U.S. automotive companies dominated the automotive market around the globe with no notable competitors. In 1945, after the Second World War, the automotive industry of other technologically advanced nations such as Germany, Japan and certain European nations got momentum, and started spreading in the world market.
During the British Raj, there were a few automotive assembly units in India. Following the independence, in 1947, the Government of India and the private sector launched joint efforts to establish automotive manufacturing industry in India and Hindustan motors, Mahindra & Mahindra, Ashok Leyland etc. came into picture.
Indian automotive industry is one of the largest automotive markets in the world. India 's commercial vehicle and passenger car manufacturing industry is the sixth largest in the world, with an annual production volume of more than 3.9 million units. At present, Indian automotive industry is flooded with major domestic manufactures such as Tata motors, Maruti Udyog, M&M, Ashok Leyland, and global players Ford, Hyundai, Renault, Mitsubishi, Nissan, BMW, Hindustan Motors, Daimler, Caparo, Mini, and Datsun.
Ashok Leyland
Company Profile:
Ashok Leyland is an exclusively heavy vehicle manufacturing company founded in the year 1948. It
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