India has a talented younger generation, experienced professionals, and capable
mentors with good academic qualifications, available at lower salaries as compared
to the developed nations. This potential of India has made foreign investors to
play in the Indian market in areas like medicine, retail marketing, building and
construction, automobiles and its ancillaries, etc. India is a country with a large
population and offers immense potential for advertising products that suit the people
and their culture. The automobile and its ancillary industries have been there in
India for more than 200 years. The industry is reputed in the country for providing
job opportunities and in helping people move from one place to the other.
Cars and buses are one of the preferred mode of transport in India, because of low
cost. With India opening itself to the global economy in 1991, the automobile industry
has also expanded.Several multinational car manufacturing companies have entered
the Indian market with their latest brands. Increased competition in the automobile
industry has enabled realization of the potential of the Indian automobile industry.
These days, four wheelers are gaining huge attention from consumers in India. The
entry of various small cars in recent years bears testimony to the flourishing four
wheeler market. Various factors have been catalytic in pushing the popularity of
the segment. The rise in fuel prices is one such reason. Tata Motors' cheapest car,
the Nano, costing roughly Rs. 1 lakh created a sensation in the car industry with
its debut in the Auto Expo 2008. The car is designated as the cheapest car in the
world.
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