Among the world’s biggest Auto Industries, The Automobile business of India is developing at a burning pace. Around 31% of the small cars sold all through the world are presently made in India and the proportion is increasing quickly. With numerous worldwide majors including Honda that has opened the world’s biggest bike plant in Gujarat, and General Motors that plans on putting an incredible 1 Billion USD in the auto division in India in the coming years, the automobile business in India, officially contributing more than 7 % to the aggregate GDP is on the cusp of an explosive expansion with the Government of India permitting 100% FDI in the part through the programmed route.
Albeit such a vital part of the economy, there is very restricted information of the Indian vehicle market among the regular society as there are numerous Notable facts about cars in India.
Some of which are.
- India as of now has presence of more than 25 diverse Automobile producers; together they offer 150 models and more than 1000 variants of vehicles in India.
- India’s share is just 4% of the total passenger cars sold all over the world, numbering at more than 5 million units consistently.
- The Indian Automotive Industry utilizes more than 1.9 crore individuals, either directly or indirectly. With more new cars in India to hit the market, this figure is relentlessly expanding.
- The car density in the National Capital Delhi is more than 8 times the National Average. The National Car Density in the nation all in all is 11 cars per 1000 individuals while in Delhi the figure remains at 90 cars per 1000 individuals.
- In India the sale of Cars is taxed heavily with 56 rupees of each 100 rupees spent on purchasing the car going to the administration towards different central and state taxes. This extremely affects the Indian car prices.
- According to the research 13 people are employed per truck, 6 for each car and 1 individual for every bike in India
- India is the 6th biggest maker of cars in the world, ahead of developed economies, for example, France, Canada, UK and Spain. Furthermore, the Indian car market is also one of the biggest market in terms of volumes.
- India is the only Large Vehicle Producer in the world without a Formal Automotive Recall Policy. An appropriate controlled system is of great importance and was strongly felt when General Motors recalled 114000 units of its prominent vehicle Tavera in July 2013. Also there is a voluntary recall policy already in place. And maybe from October 1st, there would be a mandatory recall policy.
- According to reports one thirds of all car sales in India are from the general population looking to update their present vehicle, while another 30% is from the owners of a car looking for another car in the house. Put together, about 66% of all new vehicle purchases come from existing car owners
- One of the most well-known small car of India, one that changed the taxi business in Mumbai, The Premier Padmini used to have a holding period running into 10 years and were sold through a lottery framework in the 70s.
- It was known of numerous fortunate allottees of the Premier Padmini in the 70s to purchase an car , use it for quite a long while, and offer it at a cost higher than one purchased for as a result of its high demand and low production .
- According to information from Society of Indian Automobile Manufacturers (SIAM), the aggregate number of cars sold in the 70s yearly used to be 32000 units across the nation, not even a week’s worth of sales today! 2.03 million Cars were sold in India in 2015.
- India is the biggest maker of three wheelers in the world with 949000 units being produced in 2014-2015.
- Contrasting to a nation that used to hold lottery for car distributions only 40 years back , India exported 6,22,000 vehicles in 2014-15, making it among the most largest exporters of vehicles in the world.
- White, Silver and Black are the most prominent car colours in the nation today.
- The standard 2000, launched in April 1985 was the first car in India to have power windows.
- Tamil Nadu has earned the tag of “Detroit of India”. This one state is the home of plants of Hyundai, BMW, Ford, Nissan, Renault, Mitsubishi, Ashok Leyland, Bharat Benz, Yamaha, TVS and numerous other vehicle producers.
- Once the car that had waiting list running into years and was distributed through lottery, Maruti had to announce a genuine price cut in 1998 when Tata launched Indica.
- The Sun Film, that is being seen utilized as a part of all cars, has been banned totally by a judgment of the Supreme Court.
- Hindustan Motors used to offer a 60 Lakh Rupees car, the Mitsubishi Lancer Evo X with just a six month warranty!!
- Jaguar Land Rover, of late procured by Tata Motors contributes 75% to its profits
As seen above, though many have not yet realized the way that India has truly developed into a car mammoth, the truth is that India is developing from strength to strength and is on course to become a key force amongst the most important players in the worldwide car market.