Influence of Indian automobile industry in modern production method: a critical review
By: Venkatesh, J. and Kumari, Lavanya
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Material type: 
BookPublisher: Productivity : A Quarterly Journal of The National Productivity Council Description: 60(4), Jan-Mar, 2020: p.410-419.Subject(s): Industrial growth, Industrial development - India
In:
Productivity : A Quarterly Journal of The National Productivity CouncilSummary: The aim of this paper is to study the influence of automobile industry in modern production methods in the context of Indian industry. The automotive industry is a pillar of the industrial economy and a key motive force of macroeconomic growth and technological advancement. It is a consistent, direct and indirect contributor to GDP, foreign investment, employment and innovation in many countries including Germany, United States, Japan, South Korea, Italy and most recently, China. The development of the automobile industry is a prime policy focus of governments in these nations. In India, the automobile industry is a powerful engine of industrial growth which contributes 7.1 per cent of total GDP and employs approximately 32 million people in direct and indirect ways. Automobile industry provides vehicle for quick transport of goods and passengers. Trucks, buses, cars, motorcycles, scooters, threewheelers and multi-utility vehicles are manufactured in India at various locations. Furthermore, this industry attracted US$ 16.5 billion in foreign direct funding between April 2000 and December 2016, and is slated to attract about US$ 8–10 billion more in local and foreign funding by 2023. The study also shows that the rapid improvement of electronic systems in automotive motors has been driven for decades with the aid of continuously growing necessities of legislation for environmental protection, as well as rising needs of the consumer to enhance fuel economy, protection, riding consolation and driving excitement. The manufacturers of mobile networked machines additionally see themselves increasingly confronted with these requirements. The prime objective of this paper is to examine the advantages and also to study the trends in Indian automobile industry. After liberalization, the entry of new and contemporary models stimulated the demand for vehicles in the market, which led to the healthy growth of the industry including passenger cars, two and three-wheelers. - Reproduced
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Articles
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Indian Institute of Public Administration | 60(4), Jan-Mar, 2020: p.410-419 | Available | AR123233 |
The aim of this paper is to study the influence of automobile industry in modern production methods in the context of Indian industry. The automotive industry is a pillar of the industrial economy and a key motive force of macroeconomic growth and technological advancement. It is a consistent, direct and indirect contributor to GDP, foreign investment, employment and innovation in many countries including Germany, United States, Japan, South Korea, Italy and most recently, China. The development of the automobile industry is a prime policy focus of governments in these nations. In India, the automobile industry is a powerful engine of industrial growth which contributes 7.1 per cent of total GDP and employs approximately 32 million people in direct and indirect ways. Automobile industry provides vehicle for quick transport of goods and passengers. Trucks, buses, cars, motorcycles, scooters, threewheelers and multi-utility vehicles are manufactured in India at various locations. Furthermore, this industry attracted US$ 16.5 billion in foreign direct funding between April 2000 and December 2016, and is slated to attract about US$ 8–10 billion more in local and foreign funding by 2023. The study also shows that the rapid improvement of electronic systems in automotive motors has been driven for decades with the aid of continuously growing necessities of legislation for environmental protection, as well as rising needs of the consumer to enhance fuel economy, protection, riding consolation and driving excitement. The manufacturers of mobile networked machines additionally see themselves increasingly confronted with these requirements. The prime objective of this paper is to examine the advantages and also to study the trends in Indian automobile industry. After liberalization, the entry of new and contemporary models stimulated the demand for vehicles in the market, which led to the healthy growth of the industry including passenger cars, two and three-wheelers. - Reproduced
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