Overview of 'Make in India' Automotive Sector Report 2016
The Government of India recently released the Make in India Automotive Sector report towards highlighting the progress of the Automotive Sector in terms of production enhancements as a result of the policies adopted by the Government of India. As per this report all the major parameters of manufacturing progress which are production, exports and sales have seen a healthy increase and has shown an impressive growth momentum. The most important Key Takeaways from the report are: Improved Infrastructure The leading Automobile companies of the world, such as Isuzu Motors, Ford Motors, Tata Motors and Suzuki Motors etc. have invested quite heavily in the sector thus creating huge manufacturing capabilities to take on much larger orders from across the globe. Whereas Isuzu, Tata, Force Motors, Suzuki, Mercedes Benz and Magneti Mareli all came up with their new plants in the last two years, many other companies have set up Research and Development centers towards development of more...