11 million units( 2007) |
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0.4 million units( 1982) |
0.6 million units( 1992)
Before 1982
• Closed market
• Five players
• Long waiting periods and outdated models
• Seller’ s market
|
1983 – 92
• Joint Venture( JV): Indian government and Suzuki formed Maruti Udyog; commenced production in 1983
• Component manufacturers entered the market via JV
• Buyer’ s market
|
1993 – 2007
• Sector de-licensed in 1993
• Major Original Equipment Manufacturers( OEMs) started assembly operations in India
• Imports permitted from April 2001
• Introduction of valueadded tax in 2005
|
2008 onwards
• More than 35 market players
• Indian companies gaining acceptance on a global scale
• Setting up of National Automotive Board to act as facilitator between the government and industry
• Government has proposed GST to support lower raw material cost
• Launch of Automotive Mission Plan 2016-26 in 2015
|
Mopeds |
Passenger cars |
Light commercial vehicles |
Passenger carriers |
|
Scooters
Motorcycles
|
Utility vehicles
Multi-purpose vehicles
|
Medium and heavy commercial vehicles |
Goods carriers |
Electric two wheelers |