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Volume : II, Issue : XI, December - 2012 STRUCTURAL CHANGES IN THE AUTOMOBILE INDUSTRY: DURING PRE AND POST REFORM PERIOD IN INDIA SUNITA SHARMA AND ARUN SHARMA Published By : Laxmi Book Publication Abstract : In the era of liberalization and globalization the Indian automobile industry
has assumed a special position in the industrial landscape of India. It has a wellestablished
name globally being the second largest two wheeler market in the world,
fourth largest commercial vehicle market in the world, and eleventh largest passenger
car market in the world and expected to become the third largest automobile market in
the world only behind USA and China. The Indian automobile industry bagged the
position of being the ninth largest in the world moreover it has been aptly described as
the sunrise sector of the economy as this sector has witnessed tremendous growth.The
review of literature shows that the liberal industrial policy has encouraged the structural
changes in the Automobile industry, resulting into increased competitiveness, with
strong backward and forward linkages thereby propelling the growth of this sector
.Keeping this in view ,an attempt has been made in the present study to investigate the
structure of the automobile industry during pre-reform period and after post-reform
period and to analyze the structural changes in this industry. The present study is mainly
descriptive in nature based on secondary sources such as reports, books, journals and
articles etc.With the liberalization and globalization, the Indian automobile industry has
demonstrated sustained growth as a result of increase in competitiveness and relaxed
restrictions. This sector is now characterized by the frequent introduction of new models
where the consumers being the primary beneficiaries are reaping advantages of
multiple choices, better technology and relatively low prices. With the announcement of
Auto policy 2002 the automobile industry has got further boost to become vivacious and
globally competitive. The measures like low entry barriers, investment incentives by the
government has made Auto-mobile industry more competitive at international front. Keywords : Article : Cite This Article : SUNITA SHARMA AND ARUN SHARMA, (2012). STRUCTURAL CHANGES IN THE AUTOMOBILE INDUSTRY: DURING PRE AND POST REFORM PERIOD IN INDIA. Indian Streams Research Journal, Vol. II, Issue. XI, http://oldisrj.lbp.world/UploadedData/1736.pdf References : - Export-Import Bank of India, “Indian Automotive Industry at the Crossroads” Occasional Paper No. 129 December 2008
- Government of India, “A Brief report of Auto and Auto Ancillaries in India” March 2012
- Ranawat, Mahipat, “Influence of governmental policies on Industry Development, The case of Indians Automotive Industry” November 2008.
- McKimsey, “Vision 2015 for the Indian Automotive Components Industry” ACMA of India &McKimsey and Company.
- Ministry of Heavy Industries, “Automotive Mission Plan '2006-2016' December 2006.
- Narayan. K, “Technology Acquisitions,De regulations and competitiveness:a study of Indian Automobile Industry” 1998.
- Prasad and Chandra, “Economic Survey of India, 1947-48 to 2008-09” New Century Publications, New Delhi 2008.
- Narayan, Sathya “An overview of the Indian Automobile Industry.”2010.
- Sohail. P. Ahmed, “Role of Automobile Industry in Economic Growth.” July 2012.
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