Two wheeler industry in india essay

His father Jainulabdeen was a boat owner and imam of a local mosque; [9] his mother Ashiamma was a housewife. Their business had involved trading groceries between the mainland and the island and to and from Sri Lankaas well as ferrying pilgrims between the mainland and Pamban.

Two wheeler industry in india essay

How to Write a Summary of an Article? We are greatly indebted to Mrs.

Wace, Walter E.

We thank her for being a constant source of knowledge, inspiration and help during this period of making project. Being the leader in product and process technologies in the manufacturing sector, it has been recognized as one of the drivers of economic growth.

Aggressive marketing by the auto finance companies have also played a significant role in boosting automobile demand, especially from the population in the middle income group.

A Nations economy is well known from its transport system.

Gates of Vienna

For instant and rapid growth in economy, a well-developed and well-networked transportation system is essential. Also, the Automobile industry has strong backward and forward linkages and hence provides employment to a large section of the population.

Thus the role of Automobile Industry is very essential in Indian economy. Various types of vehicles are manufactured by the Automobile Industry. Indian Automobile Industry includes the manufacturing of trucks, buses, passenger cars, defence vehicles, two-wheelers. The automobile industry in the country is one of the key sectors of the economy in terms of the employment opportunities that it offers.

The industry directly employs close to around 0. The prospects of the industry also has a bearing on the auto-component industry which is also a major sector in the Indian economy directly employing 0.

In an economy, there are a number of major industries and they all occupy different positions in the BCG matrix according to their growth and contribution towards the economy.

In the Indian economy, some of the major sectors are FMCG, automobiles, banking and insurance, steel, telecom, software, pharmacology and retail sectors and these can be placed in the different positions in the matrix as shown below: In the BCG matrix, the companies are placed in one of the following four categories: Star, Cash Cows, Dogs and Question marks.

In the Stars we place the companies with high market growth and high market share, cash cows are the companies who have low market growth rate and high relative market share, the category of the question marks include the companies with low relative market share and high market growth rate and dogs include the companies who have low relative market share and low market growth rate.

This segment can be broadly categorized into 3 sub-segments viz. In the last four to five years, the two-wheeler market has witnessed a marked shift towards motorcycles at the expense of scooters. In the rural areas, consumers have come to prefer sturdier bikes to withstand the bad road conditions.

The Euro emission norms effective from April led to the existing players in the two- stroke segment to install catalytic converters. All the new models are now being replaced by 4-stroke motorcycles. In fact, motorcycle has been taking away the share of scooters and mopeds in a 4.

The increasing demand from semi-urban and rural segments may have caused this positive shift towards motorcycles. Also, easy credit coupled with low interest rate regime, constrained personal transport, increasing income levels in middle class and higher aspirations of young people all seem to be the factors responsible for such high growth in two-wheelers.

The growth in two-wheelers has been robust enough to counter the slowdown and other factors constraining the overall business activity in the country. Also, rationalization of excise duty in the Union Budget had a positive impact on the demand for motorcycles.

We also expect the motorcycles to continue to lead the two-wheeler segment like in all other Asian countries. Available forecasts suggest that this trend would continue for another couple of years and the industry would record nearly double-digit average annual growth up to During the year, there have been important developments in two-wheeler industry.

The competition has strengthened though there are hardly any new entrants into the industry. There is an increasing emphasis on price and this has led to cost cutting efforts all across the industry, thereby, making the customer an ultimate beneficiary.India is the third largest producer of Two wheelers in the world it come just next to Japan and China.

In last few years the the Indian two-wheelers industry has got spectacular growth. Two wheeler industry in India has a small beginning in early 50’s. Subscribe now and save, give a gift subscription or get help with an existing subscription.

This essay delves deeply into the origins of the Vietnam War, critiques U.S. justifications for intervention, examines the brutal conduct of the war, and discusses the .

Two wheeler industry in india essay

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