Working Paper

REPORT OF WORKING GROUP ON AUTOMOTIVE attention ELEVENTH FIVE YEAR PLAN (2007-2012) MINISTRY OF HEAVY INDUSTRIES & commonplace ENTERPRISES DEPARTMENT OF HEAVY INDUSTRY (August, 2006) 1 CONTENTS S.No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Executive Summary The point status- TOR 1 Contents Page No. 3-4 5-11 Projections of additional substance and outturn TOR-2 12-13 Challenges to growth- TOR-3 Future plans and programmes TOR-4 railroad car Export Trends TOR-5 Harmonization of Norms TOR-6 Indian Automotive attention-vision- TOR-7 R&D and Technology Development- TOR-8 Investment Plan- TOR-9 Efforts for SMEs TOR-10 Building Made in India Brand- TOR-11 operative Recommendations Annex. I to V 14-19 20-22 23-24 25 26 27 28 29 30 31-32 33-38 2 EXECUTIVE SUMMARY The Indian Automotive Industry after de-licensing in July, 1991 has grown at a impressive rate of 17% on an average for last a couple of(prenominal) years. The industry has now attained a turn everywhere of Rs. 1,65,000 crores (34 billion USD) and an investment of Rs. 50,000 crores. Over of Rs. 35,000 crores of investment is in pipeline. The industry is providing direct and indirect employment to 1.31 crore people. It is also making a contribution of 17% to the kitty of indirect taxes.

The export in automotive sector has grown on an average CAGR of 30% per year for the last five years and has reached a turnover rate of 8 billion USD The export earnings from this sector are 3.5 billion US $ out of which the share of auto agent sector 1.8 billion US$. 2. Even with this rapid growth, the Indian Automotive Industrys contribution in spheric terms is very low. This is evident from the fact that the passenger car segment has crossed the production figure of 1 one million million in the year 2005-06. Indias share is about 1.6% of world production as the total number of passenger car beingness manufactured in the world is 60 million against the installed capacity of 90 million. Similarly, export constitutes approximately 0.3% of global... If you want to get a full essay, order it on our website: Ordercustompaper.com

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