Umamaheswari, Sankar and Rajasekaran, R (2016) Booming of Automobile Industry–A Study with Reference to Passenger Car Market in India. Advances in Economics and Business Management, 3 (8). pp. 761-765. ISSN 2394-1553 October-December, 2016, pp. 761-765

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Abstract

The Indian automobile industry is currently experiencing
an extraordinary boom in demand for all types of vehicles. This boom has been triggered primarily by two factors: (1) increase in disposable incomes and standards of living of middle class Indian families estimated to be as many as four million in number; and (2) the Indian government's liberalization measures such as relaxation of the foreign exchange and equity regulations, reduction of tariffs on imports, and banking liberalization that has fuelled financing-driven purchases. The Indian automobile industry is most lucrative. Even though the market is healthy there is a fluctuation in the sale of the Indian automobile industry. A prolonged economic slowdown, excess capacity, increase in interest rate, has reduced demand, keeping a lot of the existing capacity idle. Yet, that has not stopped the companies from expanding capacity, hoping the market will pick up. In the total volume of sales, a high potential contribution is made by the central and state government employees. This study has been taken to understand the performance of automobile industry more specifically
with passenger car market in India. Present research is a descriptive study and secondary data has been used. Objectives were framed, research design prepared, required data have been collected and suitable analysis were made. Findings of the study reveal that there is a increasing trend in passenger car market which creates an
opportunity for car manufacturing units in the country.

Item Type: Article
Uncontrolled Keywords: Automobile, Performance, Market, Passenger car, Opportunities.
Subjects: B Information Technology > BB Information Technology
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Users 1 not found.
Date Deposited: 13 Dec 2021 08:23
Last Modified: 13 Dec 2021 08:28
URI: http://ir.psgcas.ac.in/id/eprint/183

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