If you are looking forward to a comfortable, stress-free life and at the same time, save your hard earned money, then it is high time for you to visit India and witness the power of Indian automobiles. The main reason behind this phenomenon is that the Indian car manufacturing companies have focused more on satisfying the customers rather than earning profits from the business. This has led to a situation when all kinds of automobile products from leading brands like Honda, Mahindra, Suzuki, Maruti Suzuki, etc. are produced in huge quantities.
In India, no other product is as much popular as the cars. Automobiles in India have won the hearts of people across the globe for their elegant looks, unmatched reliability, plush comfort, tempting price tags and so on. As a result, Indian automobile industry has emerged as a highly profitable and promising export commodity industry. Exports of automobile products have been on a rise lately because of the rising import duties on imported cars. Thus, Indian automobile manufacturers have realized the importance of expanding their business operations by setting up more auto plants in various parts of the country.
There are many reasons that have made India an automotive exporter leader in the world. One major reason is that India has one of the largest populations as compared to any other country in the world. Consequently, the automobile sector in India is one of the most developed and has gained a lot of importance from the Indian masses. This explains the low pricing of cars in India as compared to that of imported cars in many European and American countries India automotive factories.
Another factor is that the Indian car market is highly fragmented, with the presence of innumerable small and local dealers in addition to big car companies from all over the country. This has created a lot of competition among automobile companies in India and the result is that they offer cars at competitive prices. Moreover, since these cars are made in a very short duration of time, there is an immense scope for customization in India. Since almost everything is customized in India, there is no worry about getting the products in the right shape as compared to that of foreign-made automobiles.
Finally, India has a booming automotive industry because it has the necessary infrastructure for large-scale manufacturing of cars. The automotive industry of India is growing at an alarming rate and the government of the country is also helping in this regard. After the implementation of the policy of economic liberalization, the importation of automobiles from abroad has been permitted. This policy has ensured that there is a huge inflow of capital money into the Indian market for the development of the automotive sector. This is why there is a tremendous rise in the number of vehicles being exported from India.
Many multinational companies from around the world are investing in India. These companies provide all kinds of machinery and tools required in the making of cars. However, the major constraint faced by such companies is the lack of expertise and trained manpower available in the country. India offers a great platform to such companies. As far as the automotive sector is concerned, there are plenty of opportunities for Indian car manufacturers.
Automotive factories in India are providing services to all types of customers across the globe. While some customers require a particular kind of car, others may not be interested in buying any vehicle with a sports car body. The customers of Indian cars are many and include corporate organizations and even private individuals. Since India has an army of automotive engineers, skilled and experienced workers, there is no problem in designing and building cars. Also, in case of a disaster, it is easy to flash over Indian cars to another country.
Automotive plants and workshops in India are becoming a norm. It is seen that almost every big company or organization in the world is placing its plant at India. In the coming years, India is going to take the place of the U.S. as the largest car manufacturing country. Thus, it is up to the Indian automobile manufacturers to keep abreast of the global trends and invest in technology so that they can keep their manufacturing units running.