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State of Automobile Industry in India

Issue Abstract

ABSTRACT 

In order to keep up with the growing demand, several auto makers have started investing heavily in various segments of the industry during the last few months. The industry has attracted Foreign Direct Investment (FDI) worth US$ 21.38 billion during the period April 2000 to March 2019, according to data released by Department for Promotion of Industry and Internal Trade (DPIIT). The automobile industry is supported by various factors such as availability of skilled labour at low cost, robust R&D centres and low cost steel production. The industry also provides great opportunities for investment and direct and indirect employment to skilled and unskilled labour. Keyword: Foreign Direct Investment- Automobile Industry- production- Industry


Author Information
Safeer Pasha .M
Issue No
8
Volume No
5
Issue Publish Date
05 Aug 2019
Issue Pages
14-17

Issue References

1. www.autocarindia.com
2. www.siamindia.com
3. NDTV