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The automobile industry hailed as ‘the industry of industries’ by Peter Drucker, has a strong multiplier effect and is both driver and indicator of economic growth. It provides direct or indirect employment to over 13 million people.
Indian auto manufacturers produced 1.71 m (million) cars and 2.31 m motor vehicles in 2007?. Domestic passenger car sales increased by 11.8 % to 1.20 m in 2007-08 (year ended March 2008) whereas two-wheeler (motorcycles, scooters and mopeds) sales decreased slightly to 7.25 m.
Statistics show that India is the tenth and ninth largest producer of motor vehicles and passenger cars respectively, and has beaten major car producers such as UK and Italy...
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