Overview automobile Industry:
Overall Indian Automobile Industry has shown 2.61% growth in FY 2012-13 compare to last FY 2011-12. Production and Domestic sales has registered growth of 1.20% and 2.61%, however export is negative growth due to negative global environment and fluctuation.
Most of the automotive players have plan for expending their activities in India including new product launches. Indian automotive industry contribute 5-6% in GDP and more than 15 million man power directly associate with auto industry. However the overall performance is not giving good vibes for Industry. Indian Govt should take some action for stabling fundamental sentiments of economy.
Source: Autobei
No comments:
Post a Comment