| Popis: |
The auto manufacturers industry is one of the most important drivers of economic growth of India and one with high participation in global value chains. The growth of this sector has been on the back of strong government support which has helped it carve a unique path among the manufacturing sectors of India. The auto manufacturers produced in the country uniquely cater to the demands of low- and middle-income groups of population which makes this sector stand out among the other auto manufacturers-producing countries. This paper analyzes the roles of government policy, infrastructure, and other enabling factors in the expansion of the auto manufacturers and automotive component sectors of India. In 2017, India became the world’s fourth largest auto manufacturers market, and the demand for Indian vehicles continues to grow in the domestic and international markets. To meet the future needs of customers (including the electrical vehicles) and stay ahead of competition, manufacturers are now catching up on upgradation, digitization, and automation. This paper also analyzes India’s national policy in light of these developments. |
