| The Indian automobile industry is geared to | | | | (Automotive Component Manufacturers |
| become a serious contender in the global | | | | Association of India) is the nodal agency for the |
| Automobile industry. The government as well as | | | | Indian Auto Component Industry. The agency is |
| industry players have been making pioneering | | | | actively associated with technology up-gradation, |
| efforts for adopting modern technology and for | | | | trade promotion, quality enhancement, sourcing |
| opening the sector to foreign players. The | | | | and disseminating information. SIAM (Society of |
| prevailing economic factors encouraging | | | | Indian Automobile Manufacturers), the apex |
| privatization and FDI have been of great | | | | Industry body is an association of more than 35 |
| significance in furthering the prospects of the | | | | top vehicle and vehicular engine manufacturers in |
| industry. Conscious efforts have been made to | | | | the country. The agency organizes biennial Auto |
| fine-tune policies with the objective of freeing the | | | | Expo series of trade fairs in co-operation with |
| industry from the earlier restrictive environment. | | | | Automotive Component Manufacturers |
| The burgeoning Indian economy characterized by | | | | Association of India (ACMA) as well as |
| steep hike in incomes, as well as easy availability | | | | Confederation of Indian Industry (CII). Subsequent |
| of loans are being recognized as factors sharp | | | | to the impressive success of the Auto Expo |
| rise in automobile sales. As a result of liberalization | | | | Show and the "International Bi-Wheeler Auto |
| there is heightened competition in the domestic | | | | Show 2006", the government has made plans to |
| market, which has given way to continuous | | | | hold such shows on annually to drive home |
| modernization while adhering to international | | | | investments from new international auto |
| standards. Aggressive marketing strategies with a | | | | companies. For further information about please |
| host of easy loan repayment schemes have | | | | read the report " Indian Automobile Industry- An |
| played a role in boosting automotive demand. | | | | Analysis (2005-2010)," published by RNCOS at: |
| Passenger car and two-wheeler are most crucial | | | | RNCOS is an industry leader in the field of online |
| segments accounting for around 90 % of total | | | | business research. We specialize in industry |
| sales volume in the industry. The ACMA | | | | research on various business verticals. |