Heavy Engineering / Automobile
We have a good experience in this industry
Automobile industry is one of the key drivers of economic growth of the nation. Since the de-licensing of the sector in 1991 and the subsequent opening up of 100 percent FDI through automatic route, Indian automobile sector has come a long way. Today, almost every global auto major has set up facilities in the country. The world standings for the Indian automobile sector, as per the Confederation of Indian Industry, are as follows:
- Largest three-wheeler market
- Second largest two-wheeler market
- Tenth largest passenger car market
- Fourth largest tractor market
- Fifth largest commercial vehicle market
- Fifth largest bus and truck segment
The auto sector reported a robust growth rate of 26 percent in the last two years (2010-2012). According to the Confederation of Indian Industry, auto sector currently employs 787, 7702 people, 58 percent of who are in the passenger car segment. However, there is an increasing demand for skilled professionals in the domain of effective service delivery, spares management and support functions. ITIs and Polytechnics provide 530,000 graduates every year, but there is an urgent need for updating courses to keep up with changing trends in technology, manufacturing, and processes.
However, Heavy engineering segment accounts for bulk of all engineering goods production in India and is responsible for producing high-value products like heavy electrical, heavy engineering and machine tools, and automotive parts. Due to the high capital investment it requires, this segment is dominated by bigger, organized market players. It provides products to almost every major end-user industry.