Indian Automotive Industry

Indian automobile industry is one of the largest industries, in the whole world with 23.96 million vehicles in FY 2015-16, as an annual production.

With the increasing population, young driver rate is increasing as well. As a result both middle class & young population has made Two-wheeler sector leader of India Automobile Industry, with 81% market share.

The sector has witnessed a number of investors, investing heavily to cope up with the growing demand. According to the data released by Department of Industrial Policy and Promotion (DIPP), industry has attracted foreign direct investment (FDI) worth US$13.48 billion in “April 2000 to June 2015”.

Government on its part is taking all the necessary initiatives to boost the growing demand even more by encouraging foreign investment in the automobile sector and thereby allowing 100% FDI under the automatic route.

Government also focuses on making automobile manufacturing the main driver of "Make in India" initiative, while expecting the passenger vehicle (PV) market to triple to 9.4 million units by 2026, boosting the sales in the tractors segment. Government provided Union budget of over 850,000 crore (US$127.5 billion) in 2015-16 to farmers. Govt. will also promote eco- friendly vehicles i.e. CNG-based vehicles, hybrid vehicles, and electric vehicles in the country for minimal air pollution. 5 per cent ethanol blending in petrol will be mandatory.

India Automobile, register marginal growth of 3.07% year to year with production of over 14.25 million vehicles including private vehicles (PVs), commercial vehicles (CVs), three wheelers and two wheelers.

In 2000 to tune in with the initiative to reduce vehicular pollution, government itself unveiled the standards titled "India 2000" which was later upgraded to be known as Bharat stages. These standards are quite similar to the European standards, and are implemented in an effectively efficient manner with latest upgrade. At first initiative was mannerly phased, in 13 cities & later in rest of the Nation.

13 cities where Bharat Stage IV was first imposed are as follows: Delhi (NCR), Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad, Pune, Surat, Kanpur,  Lucknow, Solapur, and Agra.

Indian government is taking all the measures to both boost the Indian Automobile Industry & to cope up with growing demand.

With huge market place, SAMIL itself is playing its part to keep up with pace of the automobile segment.

Through innovatively well structured bidding platforms, SHRIRAM AUTOMALL has introduced Indian Automobile market with an easy & organized approach of acquiring and disposing used vehicles & equipments. SAMIL plays a crucial role in Indian National Development, as it makes it easy for both rural and urban areas to acquire & dispose used vehicle through any of their 67 Automalls unfurled in every corner of the country.

Company helps serve the demand of the used vehicle in the market in an organized & transparent manner. If you as well is looking forward, to dispose or acquire a used vehicle or equipment SAMIL is the best choice to make. You can both visit your nearby Automall, or register yourself by clicking the link below. http://bit.ly/2kqM0Ro