Automobile Industry is one of the leading industrial and economical sector of world. It is one of the major job and revenue generator, employing around 1 million persons and with annual turnover exceeding 300 billions USD. On a rough estimate currently there are 600 millions vehicles in the world.
Automobile industry is primarily concerned with the business of producing and selling self-powered vehicles, including passenger cars, trucks, farm equipment, and other commercial vehicles. However auto industry has also played a key role in development of extensive road system, encouraged the growth of suburban areas and shopping centers around major cities, helped many townships to emerge as major trading center and was instrumental in growth of many allied industry such oil, cement and travel business. The auto industry is also among largest buyer of many major industrial products such as steel and chemicals. Its extensive structure and the large number of employees make it a central factor in economic growth.
Today the automobile industry is a hugely competitive sector with a number of global players seeking dominance in the established and the emergent markets. The big three GM, Ford and DaimlerChrysler are facing increasing challenge by BMW, Toyota and Honda motors. Acquisitions and mergers have become a trend in the auto industry since 1990s.
The automobile industry produces a large variants of vehicles that are broadly categorized under the following sectors
Commercial Vehicles: (Trucks, Buses, Trolleys)
Personal Vehicles (Cars, Sedans, Wagons,)
Multi Utility Vehicles and Sports Utility Vehicles
Defense Vehicles
Farm Vehicles (Tractors)
Two Wheelers ( Bikes, scooters)
Three Wheelers (auto rickshaw)
Auto Industry Statistics | World's Major Auto Companies | Industry News | Retails | |
