Car Industry in India

It was year 1898, when the first Indian made car made its debut on the streets of Mumbai. Since then, the car industry in India has come a long way. In the early phases, the car segment was neglected by the Government, and its policies were also not favourable. In recent years, liberalization policy of the government and several tax reliefs has really boosted Indian car industry. Indian car industry is currently developing at the rate of around eighteen percent per year and many international players like General Motors, Volvo, Ford, Volkswagen and Honda has established their offices in India.

With the emergence of a better transportation system, the car industry in India is also growing at a very fast speed and has become one of the largest and fastest growing in the world. India manufactured more than 3 million cars in year 2009and emerged as Asia's 4th largest exporter of passenger cars just behind Japan, South Korea and Thailand. In this year, approximately 1.5 million cars were sold in India, emerging as the 2nd fastest growing car market in the world.

All these cars are disturbed through car dealers who sell new and used cars. All main manufacturers have their own car dealers such as Maruti car dealers, Ford Car dealers and Toyota car dealers. These car dealers also offer maintenance services for cars.

Majority of India's car manufacturing units is based around the city of Chennai, which is also known as "Detroit of India". Chennai accounts for around sixty percent of the country's automotive exports. Gurgaon near Delhi, Chakan near Pune and Kolkata in West Bengal are some of the other main car manufacturing areas in the country.

Some of the leading car companies in India are Maruti Suzuki, Hindustan Motors, Fiat Ford, Honda, General Motors, Hyundai, Skoda and Toyota. Even the big brands like Ferrari, Rolls-Royce, Mercedes Benz and Aston Martin have also entered the Indian car market.