Automobile Manufacturers

Discussion in 'Off Topic' started by premierrio, Feb 22, 2012.

  1. premierrio

    premierrio New Member

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    According to a report by SIAM (Society of Indian Automobile Manufacturers), production of automobiles in January 2012 registered a growth of 11.25 percent as compared to January 2011. This statement should give you an idea of how rapidly and progressively the automotive industry is growing. There are a few major factors that have brought about this escalation for automobile manufacturers in the country. Read on to find out what they are.

    There is a marked boom in the economy of the country, due to the inflow of many multinational companies, IT companies, corporate companies, international banks and the like. This has resulted in people having more disposable income. These days, homes have multiple cars parked in the garage as opposed to just one.

    The exposure to foreign countries, more family income, better lifestyles, comfortable living, and leisure activities has made comfort and status a priority for individuals. This translates into people desiring a comfortable and private mode of transport, making automobiles the best option.

    The government of India has taken some steps to help the industry as well. The reduction of import tariffs, the recent reduction in the excise duty from 24% to 16% for small cars, and relaxed equity regulations for the sector have all aided manufacturers in dropping prices of vehicles. This has made cars affordable for all income groups’ population and boosted sales.

    The population of India is booming, making traveling by means of public transport an unpleasant task. Due to the crowd and safety issues, more and more people are choosing to invest money in an automobile for personal use. Plus, an average household has more than one person earning. The offices are in different parts of the city, thus making it necessary to buy multiple automobiles.

    The automotive industry in the country is highly competitive. Using the latest technological advancements and developments, the manufacturers are luring in consumers by offering discount schemes and providing awesome features like power steering, airbags, radial tubeless tyres, anti-lock breaking systems, tip-tronic fuel transmissions, better pick-up speeds, fuel efficiency, central locking, choices in colours, accessories, amazing looks, designs, new models every year, segment options, and model options.

    One of the most important factors is the ready availability of car loans throughout the country. Most well-known banks have finance provisions for consumers with affordable rates of interest, deductions, and smooth repayment facilities. The process for getting such loans is fairly quick and easy, and a majority of retailers have tie-ups with major banks to help you negotiate the best deal.

    All these factors have played a significant role in making the Indian automotive industry what it is today, and giving automobile manufacturers plenty to look forward to in the years to come.
     
  2. Codename.47

    Codename.47 Guest

    Interesting

    So this is made in India not just assembled in India?

    Designs kind of reminds me of kia
     

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  3. insane.nick

    insane.nick New Member

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    In contradiction to your update this report has come.
    Car sales growth slowest in last 10 mths
    Steep Interest Rates, Petrol Prices And Slowdown Defer New Purchases : Car sales opened the new financial year with the slowest growth in the last 10 months as higher interest rates, steep petrol prices and overall economic slowdown deferred new purchases. According to April sales data released by industry body Society of Indian Automobile Manufacturers (Siam), car sales grew 3% in the month at 1.68 lakh units against 1.62 lakh units in the same month last year. Companies like Tata Motors, GM and Ford were in negative zone, while market leader Maruti could manage a 4% growth in the month despite adding a new model Ertiga MPV. The growth rate in April was the slowest since June, when sales rose 1.7%. Company officials said demand has been weakening over the last couple of weeks as a lot of pre-ponement in purchases happened before the Budget on March 16 as people expected a hike in duty on diesel cars. “The coming months are expected to be quite tough. There has been no big cut in interest rates, the fuel prices are high and some state governments have increased duty on new vehicle registration significantly. The business sentiment has rather gone down,” said Shashank Srivastav, chief GM (sales &marketing) at Maruti Suzuki.
     
  4. moishenriq

    moishenriq Banned

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    There are many automobile manufacturing companies in the market which makes some exclusive model of different cars.Many automobile companies has their own showrooms in many countries and different cities.
     

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