Summer Project in Tvs Brake Linings
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INDUSTRY PROFILE:
The Automotive industry in India is one of the largest in the world and one of the fastest growing globally. India manufactures over 11 million vehicles (including 2 wheeled and 4 wheeled) and exports about 1.5 million every year. Indian Automotive Industry booming with a growth rate of around 15% annually in the past five years. The automotive sector is one of the core industries of the Indian economy, whose prospect is reflective of the economic resilience of the country. Continuous economic liberalization over the years by the government of India has resulted in making India as one of the prime business destinations for many global automotive players.
The Indian automotive industry comprising of the automobile and the auto component sectors, has recorded considerable growth following the delicensing and opening up of the sector to FDI in 1993.The unbundling of the industry from restrictive equipment has helped it to absorb new technologies, restrictive align itself to the global development and realize its potential with significant, increase in industry’s contribution overall economic growth in the country.
INDIAN AUTOMOBILE INDUSTRY CLASSIFICATION:
Indian automobile industry can be broadly classified as under:
1. Commercial Vehicles: A commercial vehicle is a type of vehicle that is used for carrying goods or passengers.
2. Passenger Vehicles: It is a type of Vehicle designed primarily for the carriage of the people.
3. Two wheelers & three wheelers: A two/ three wheelers refer to vehicles that run on two/ three wheels. Such as Scooters/ Mopeds/ Motorcycles and Auto rickshaws.
INDIAN AUTO COMPONENT INDUSTRY CLASSIFICATION:
1. Fuel in injection systems and carburetors: includes components like fuel pumps, filters, carburetors, delivery valve and nozzles.
2. Piston and piston parts: include parts like pistons, piston rings, and pins.
INDUSTRY PROFILE:
The Automotive industry in India is one of the largest in the world and one of the fastest growing globally. India manufactures over 11 million vehicles (including 2 wheeled and 4 wheeled) and exports about 1.5 million every year. Indian Automotive Industry booming with a growth rate of around 15% annually in the past five years. The automotive sector is one of the core industries of the Indian economy, whose prospect is reflective of the economic resilience of the country. Continuous economic liberalization over the years by the government of India has resulted in making India as one of the prime business destinations for many global automotive players.
The Indian automotive industry comprising of the automobile and the auto component sectors, has recorded considerable growth following the delicensing and opening up of the sector to FDI in 1993.The unbundling of the industry from restrictive equipment has helped it to absorb new technologies, restrictive align itself to the global development and realize its potential with significant, increase in industry’s contribution overall economic growth in the country.
INDIAN AUTOMOBILE INDUSTRY CLASSIFICATION:
Indian automobile industry can be broadly classified as under:
1. Commercial Vehicles: A commercial vehicle is a type of vehicle that is used for carrying goods or passengers.
2. Passenger Vehicles: It is a type of Vehicle designed primarily for the carriage of the people.
3. Two wheelers & three wheelers: A two/ three wheelers refer to vehicles that run on two/ three wheels. Such as Scooters/ Mopeds/ Motorcycles and Auto rickshaws.
INDIAN AUTO COMPONENT INDUSTRY CLASSIFICATION:
1. Fuel in injection systems and carburetors: includes components like fuel pumps, filters, carburetors, delivery valve and nozzles.
2. Piston and piston parts: include parts like pistons, piston rings, and pins.