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Old 27th September 2016, 14:53   #1
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Default India becomes the 5th largest car maker in the world

2016.. (6 years after the start of this thread (India, World's 7th largest vehicle maker. Soon to be No. 5?)!)

India Becomes Fifth-largest Carmaker In The World, overtakes South Korea as the fifth-largest carmaker in the world with 25.7 lakh cars manufactured in the first seven months of the 2016 calendar year!

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Other countries ahead of India in the charts include Germany, Japan, the USA and China.

India is likely to retain this trend all through 2016 as reports indicate there is a slump in the auto industry( S Korea) that has led to dramatic fall in both domestic and export numbers.

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On the other hand, the Indian automobile market has witnessed steady growth, contributing to almost seven per cent of the country’s economy. The Make in India scheme has also given a boost to manufacturing in the country, with an aim to increase the output by many folds and providing employment to an additional 2.5 crore people by the end of this year
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Last edited by Aditya : 29th September 2016 at 16:44.
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Old 27th September 2016, 15:04   #2
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Default Re: India, World's 7th largest vehicle maker. Soon to be No. 5?

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Originally Posted by volkman10 View Post
2016

India Becomes Fifth-largest Carmaker In The World, overtakes South Korea as the fifth-largest carmaker in the world with 25.7 lakh cars manufactured in the first seven months of the 2016 calendar year!

Attachment 1559709

Other countries ahead of India in the charts include Germany, Japan, the USA and China.

India is likely to retain this trend all through 2016 as reports indicate there is a slump in the auto industry that has led to dramatic fall in both domestic and export numbers.



Link
Definitely a big deal. I hope the automakers will also start viewing our domestic buyers with as much respect as they have for the buyers of the other major markets and we start getting newer models, better technologies and so on.
I think the title of this thread needs to be corrected too.
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Old 29th September 2016, 10:41   #3
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Default India Becomes 5th largest Car Maker in the World

India becomes the 5th largest car maker in the world beating South Korea. In between January and July 2016, India has produced 2.57 million cars. In the same period, South Korea produced 2.55 million cars, reveals the Korea Automobile Manufacturers Association (KAMA). India is one of the fastest growing car markets across the globe. In recent past auto industry in the country has seen a rapid growth, and this comes due to the increasing demand. Also the country is at the forefront, in terms of exporting as well.

Read more at: http://gaadiwaadi.com/india-becomes-...-world-241023/
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Old 29th September 2016, 16:44   #4
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Default re: India becomes the 5th largest car maker in the world

India Becomes 5th largest Car Maker in the World. Posts moved to a new thread.
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Old 29th September 2016, 16:51   #5
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Default re: India becomes the 5th largest car maker in the world

So, if I understand this right, India is the 5th largest in terms of total cars produced in the country; be it for the domestic or the export market.

I'd be curious to know what amount of cars produced in the country get exported.

While this feat is commendable, considering the amount of jobs and money it produces for the economy, the number of new vehicles it puts on the roads is alarmingly staggering.

We should ideally have a plan in place to manage all those vehicles: be it parking or roads!
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Old 29th September 2016, 16:58   #6
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Default re: India becomes the 5th largest car maker in the world

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Originally Posted by libranof1987 View Post
So, if I understand this right, India is the 5th largest in terms of total cars produced in the country; be it for the domestic or the export market.

I'd be curious to know what amount of cars produced in the country get exported.
Going by this article, we export about 20% of the total vehicles produced:
http://www.thehindubusinessline.com/...cle9100784.ece

Just goes to emphasise the need for better infrastructure to support this huge spurt in new vehicles hitting the roads.
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Old 12th October 2016, 11:37   #7
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Default India becomes fifth largest car manufacturer in the world

India has surpassed South Korea to become the fifth largest car manufacturing nation in the world. It now trails countries like Germany, Japan, USA and China. India produced 25.7 lakh cars from January - June 2016, while South Korea manufactured 25.2 lakh units during the same period.

Last year, South Korea produced 45.5 lakh cars, as compared to India's manufacturing log of 41.2 lakh. However, from the past one year, the South Korean automotive industry is facing labour unrest and a demand slump. Workers of the Hyundai-Kia group have gone on a long strike, demanding an increase in their wages. This has adversely hit production of Korea's biggest auto company. Moreover, increasing taxes on car purchases have kept customers at bay, thus negatively affecting local demand.

However, the Indian automotive market is witnessing a steady growth rate. With the 7th pay commission, automakers are expecting a surge in demand over the next year. Exports from the country too have seen a growing curve, under the Government's Make in India campaign.

As a result, India is expected to hold on to its 5th position for a longer time. Meanwhile, South Korea might also be overtaken by Mexico in the near future, as Kia has set up production plants there in order to avoid losses due to Korea's labour unrest.

Source: Times of India

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Last edited by dZired : 12th October 2016 at 11:39.
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