Domestic automobile production increased at 6.
It has played important role not only in the growth of the auto industry, but also in the development of supplementary auto-component industry. Automakers like Volkswagen and Fiat Chrysler have not fared well in India, where consumers generally prefer relatively cheaper and smaller cars that can better navigate the country's narrower roads.
Legal As would be discussed subsequently, India is a country where laws are passed and which everyone knows is difficult and even impossible to enforce.
My thesis will deal with these questions. Hence, such a Glocal approach where the Domestic and Foreign auto majors transplant global practices to the local market has resulted in the Indian consumer getting the best of both worlds as far as driving the latest models and at the same time, feeling at home are concerned.
In this scenario, my thesis will try to analyze the impact Japanese FDI have in the auto- sector. Has there been enough technology transfer as expected? Because of this growth potential automobile sector is attracting FDI from renowned car makers from around the world.
Investments 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. And premium vehicles are a niche market, with sales of luxury brands like Mercedes, Audi, BMW, Volvo and Jaguar Land Rover accounting for just about 40, cars last year.
Since initiating reform in India has continued its transition from a closed and planned economic policy toward a path of liberalization. How much employment opportunity has been created? On the other hand, some experts believe that the Bottom of the Pyramid consumers in India often enjoy more technological comfort than their foreign counterparts.