Tuesday, January 31, 2012

India is the 7th major Vehicle Maker In The globe

The Government of India has alleged that the state has turn out to be the seventh main vehicle maker a great deal previous to the previously predictable time. According to the Indian government’s Auto Mission Plan AMP) in year 2006, the country was presume to grab the seventh spot in the list of the largest vehicle producer in the world by year 2016, but it seems like the high growth impetus through which the Indian car industry is going since the preliminary of this year, has proved a golden stage for it.

According to a recent declaration given by Mr B S Meena (Secretary at Ministry of Heavy Industry) at a FICCI Function, when the industry body was creation the Auto Mission Plan (AMP) in 2006, it had projected India to turn out to be the seventh major vehicle produce country in the world by 2016 but the country has by now achieve this milestone good six years ahead of the set aim. According to him, the Indian auto market will be in the middle of the top five vehicle makers by year 2020. Where the passenger car marketplace is predictable to hit the 9 million unit mark by 2020, the two-wheeler segment has been projected to add to up to 30 million unit mark by that occasion.

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