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The automobile as we know it was not invented in a single day by a single inventor. The Society of Indian Automobile Manufacturers (SIAM) is the top industry physique and represents 46 of the leading automobile and engine makers in the nation. SIAM deputy director Common Sugato Sen said, the Society of Indian Automobile Manufacturers and the government are now preparing far more realistic targets for the next 10 years. The automobile industry in India has been attempting to implement emission and safety connected norms that are applicable in the international markets to make sure that the sector sees a sustainable price of development. As a result General Motors, Ford and other assemblers closed operations in the country.

In India Mistubishi Motors tie up with Hidustan Motors to manufacture luxury cars in factory set up in Thiruvallur district Tamilnadu.Lancer is most common automobile in Indian roads,Pajero,Montero are higher end modls play in Indian roads. The car Market in India is crowded with all varieties of automobile models like the little vehicles, mid-size cars, luxury cars, super luxury cars, and sports utility automobiles.

In the first four months of the 2012-13 fiscal auto sales have enhanced in India by 5.6 % as per statistics provided by the Society of Indian Automobile Manufacturers (SIAM). What is interesting about these decisions is how foreign auto companies are all choosing to forego creating new facilities in the Upper Midwest exactly where the labor industry has several idle, qualified workers. In the early 80’s, a series of liberal policy modifications have been announced marking an additional turning point for the automobile business.

The Indian Automobile industry in basic and Passenger Cars in certain have witnessed liberalisation. It is unfortunate that we never have a potent customer lobbying group in Florida like they have in other states like California. All laboratories in the country researching on automobile technology, such as BHEL which is developing cell technologies as option fuel, have also been brought collectively by way of the setting up of a national R & D operating group.

This will be enhanced additional for study and development activities of vehicle and component manufacturers from the present level of 125%. However, we have not been able to meet the demand estimates simply because of numerous financial setbacks faced by the market in terms of tepid demand in India and the international markets. At present Indian automobile firms are attempting to come up with new goods and a single of them is Mahindra that is anticipated to bring out an electric version of Verito, its entry level Sedan.