Indian top auto brands
Indian Automobile industry is in exciting phase of growth . Period of monopolistic brands are over and new vibrant and competitive markets has emerged recently with consumers lapping up the best offers .
Basic reasons for boom are
Rise in disposable income and standards of living for approx four million middle class population
Government liberalisation of economy from license raj .
Indian automobile industry is the tenth largest in world and is expected to be third largest by 2016 and the turnover would increase from 7 billion USD to 40 billion USD by 2016
The industry manufacturers over 11 million vehicles a year, employing more than three million people . India emerged as Asia s fourth largest exporter of automobile after Japan , South Korea and Thailand.
Apart from major global brands such as Toyota, Ford , GM , BMW ,Honda , Peugeot , Renault , Volvo , Nissan , Mitsubishi, Hyundai and many others foreign brands , Indian Auto brands are taking on these brands on home turf .
Maruti ( Now of course taken over by Suzuki)
Major manufacturers of trucks , passenger cars such as Tata Indica .Tatas were in news recently on much talked about acquistion of Jaguar and Land Rovers. Daewoos heavy vehicle div has been taken over by Tatas
Bajajs were the world largest manufacturers of scooters and scooty with business spanning from auto rickhaws to tempos and heavy vehicles
Main competitior to Tatas on heavy vehicles
Hero - Honda
Scooters and bikes
Mahindra and Mahindra
4x4 Passenger car ,Heavy vehicles and tractors
Commercial vehicles and tractors
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