Mention of India's transportation? Is this what comes to mind:
Old-fashioned trains and motorcycles are indeed the mainstay of India's transportation at present. But India, as a populous country with a fast-growing economy, the size of India's automobile market has also been non-negligible.In 2015, India's annual passenger car sales exceeded 2 million for the first time, and the country's car ownership exceeded 25 cars per 1,000 people, which is roughly equivalent to the level of our country in 2005. Total vehicle production, on the other hand, reached 4.12 million units, the sixth largest in the world, behind China, the United States, Japan, Germany and South Korea...?
The mainstay of automobile manufacturing
The first major feature of the Indian automobile market is the absolute dominance of small and micro models. Even compared to Japan and Italy, which are known for their pocket-sized cars, Indian cars are about half a size smaller.
The Maruti Alto, which has been India's top-selling car for many years, was originally a localized version of the fifth-generation Suzuki Alto, which was not introduced to China, and went into production in India in 2000. In 2012, the old Alto, which had been in production for 12 years, was finally replaced by the second-generation Maruti Alto, which was developed for India. The car is also known as the Suzuki Alto 800 in the export market. the car starts at Rs. 25 lakhs in India, which is roughly equivalent to Rs. 25 lakhs. But for the purchasing power of the people of India, this is a hefty price...?
Epidemic's Impact Leads to Shrinkage in India's Automobile Manufacturing Industry
The Indian Automobile Manufacturers' Association formally stated in the inter-epidemic period that the outbreak of the new Coronavirus Pneumonia outbreak will have a significant impact on the production of the Indian automobile manufacturers. The disruption in the supply of auto parts could severely hamper the production of models across all segments, including passenger vehicles (PVs), commercial vehicles (CVs), three-wheelers (3Ws), two-wheelers (2Ws), and electric vehicles (EVs), with EVs being more affected. Since most of the cars are manufactured at a level that India's industry is not able to produce, India's car-making industry, imports parts from other countries and comes home to assemble them with cheap labor.?
Government macro-control
But in such a seemingly crisis situation, the Indian government is brewing an incentive program for the automotive industry to give incentives to increase local production and export purchases over the next five years, doubling exports of cars and parts. The move is part of India's efforts to attract investment, create jobs and boost manufacturing.
So the outlook for India's automobile manufacturing sector, though currently suffering from export sourcing due to the epidemic, is still quite promising.