Competitiveness of Automotive Industry

It is a fact of no mean significance that the Automotive industry has reached a level of importance in the national economy where its sales are being quoted as one of the parameters of gaging the performance of the economy as a whole. . Its strong multiplier effect has the potential to affect the economy as a whole. It is very important to provide suitable environment to the industry in which government policies encourage growth, promote domestic competition, stimulate innovation and also help to attain operational efficiency. Distinctly common factor for success are consistency of policy and unison in vision and implementation between the public and private sector.Depth and breadth in vendor base has been a common denominator in each success story. Steady domestic growing sales are the cake for the industry - export is the icing.