Best Auto IndustryGone are the days when man had no means to travel from one place to another…the time when he did ride on a mere wheel and animals. As life progressed, human beings invented several means of transportation which enabled their mobility to distant places. But one would not have ever thought that automobile industry will make it big in such a way that it will get associated with the life of each and every human being and contribute greatly to the development of a country’s economy.An auto industry mainly involves the design, development, manufacture, marketing and sale of vehicles which may incorporate a motor (sometimes known as an engine) and are used for transportation. It is an industry scaling new heights each day. For instance in 2006, more than 69 million motor vehicles including cars and commercial vehicles were produced worldwide. In this year more than 16 million new automobiles were sold in the USA, 15 million in Western Europe, 7 million in China and 2 million in India. According to the 2006 data, some leading manufacturers of motor vehicles (in the descending order) are General Motors, Toyota Motor Corporation, Ford Motor Company, Volkswagen AG, Honda Motor Company, PSA Peugeot Ciroen, Nissan Motors, Chrysler LLC, Renault SA, Hyundai Motor Company, Fiat Group SpA, Suzuki, Daimler AG, Mazda Motor Corporation, Kia Motors, Bayerische Motoren Werke AG, Mitsubishi Motors Corporation, Avto VAZ, Fuji Heavy Industries and Tata Motors. An increase in population and growing economy of country, directly affect the automobile industry. The auto sector has also been benefited by internet and the world of information technology. The motor companies now display their products along with features on the internet. This creates a global market for that vehicle. Also, with the advent of high-tech software, it has become much easy to design automobiles from what it used to be sometime back. |
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