Paper type: Essay Pages: 5 (1035 words)
Automobile industriy is one of the leading and potential platform where organizations and companies develop, design, manufacture, market and sell motor vehicles. It is one of the worlds largest economic sectors by revenue. It is also the worlds leading industry in terms of service provided to customers. GLOBAL SCENARIOThe automotive industry is increasingly becoming the attraction of the manufacturing sector across the world. There has been a significant rise in the importance to the automotive industry in the economic development and planning policies of the Government and its agencies.
The industry has been getting better and evolving over the years, overcoming all challenges, consolidating , restructuring and adapting to the new market conditions.The global automotive manufacturing industry’s growth was by 21% in 2010 to reach a value of $1,184.6 billion. By 2015, the global automotive manufacturing industry is estimate to have a value of $1,654.7 billion, an increase in 39.6% since 2010. Global demand for four wheeler and two wheeler is 45 and 43 million units, is expected to raise up to 70 and 76 million by 2020.
The automotive sectors in countries faces a lot of varying factors in their individual market conditions, and even the most noticeable growth markets in recent years are now shrinking, including Brazil (-8.9%), Russia (-7.2%), India (-0.8%), Thailand (-23%) and Argentina (-34.3%).Meanwhile, the three largest automotive production regions of the world have an up rise that is keeping the global top line out of difficulty, including NAFTA (+5.1% or 823,000 units), Europe (+6.7% or 1.1 million) and China (+10.1% or 1.9 million). Obliging this growth has become a strategic challenge for auto motive manufacturers within these regions.Top 10 Largest Automobile Manufacturing Companies In The World.¶ Tata Motors:Being the 17th largest automobile manufacturing company in the world, this company is quite known for its production of cars, trucks, vans, coaches and so on. Tata Motors hold the highest sales and is popular across the country in 2017.‚§ The company is keen about anticipating and providing the best commercial and passenger vehicles globally as well as the best customer experiences.‚§ Key facts:TATA MOTORS Established 1945Employee Strength 60,000Company Turnover $42 BillionVehicles Sold >9 MillionSales & Service Points >6, 600Tata Motors has laid its mark on and off-road in over 175 countries all around the world. Cars, buses and trucks of Tata Motors roll out at 20 locations across the globe, seven in India and the remaining in the UK, Thailand, South Korea, South Africa and Indonesia. ¶ Mahindra & Mahindra Ltd:Mahindra & Mahindra Ltd is a US $19 billion global federation of companies. This company is India’s second largest vehicle manufacturing company and the world’s largest tractor manufacturing company. Mahindra & Mahindra is India’s top SUV manufacturing company that produce commercial vehicles, two wheelers, bus, pickup, tempos and trucks. This company bind to invest in technology and grow global outputs. Mahindra & Mahindra aims to grow outputs in both quantity and quality with a significant focus on optimum manufacturing. This company has created various industry-leading brands.¶ Maruti Suzuki:Being one of the oldest companies, Maruti Suzuki had brought a big revolution in the automobile industry and is an expertise in the field of production of cars. This company has manufactured cars such as Alto, Omni, Estilo and so on. Maruti Suzuki’s total annual production capacity is about 14, 50,000 units.The mission of Maruti Suzuki is to provide a car for every individual, family, need, budget and Way of Life. It offers 15 brands and over 150 variants ranging from Alto to the Life Utility Vehicle Maruti Suzuki Ertiga.¶ Hero Moto Corp Ltd:India based Hero Moto Corp Ltd. (Formerly Hero Honda Motors Ltd.) is the world’s largest manufacturer of two – wheelers.This company achieved the greatly envied position of being the largest two-wheeler manufacturing company in India in 2001 and the ‘World No.1’ two-wheeler company in unit volume sales in a calendar year. Hero Moto Corp two wheelers are manufactured across 4 globally benchmarked manufacturing facilities.¶ Bajaj Auto Limited: Bajaj Auto, is ranked as the fourth largest three and two wheeler manufacturer in the world.The Bajaj brand is well-known across several countries in , Middle East , Latin America, Africa, South and South East Asia. Their flagship company used to produce Chetak scooters which were the top seller in the Indian market. The company even made bikes like pulsar and now they are still working on it.¶ Toyota Motor Corporation:Being of the top most automobile manufacturing companies in the world, This company designs, manufactures and markets various automobiles ranges from SUVs, minivans, luxury & sport utility vehicles, trucks and buses.Daihatsu Motor for the production of mini-vehicles and Hino Motors for the production of buses and trucks are subsidiaries of Toyota Motor Corporation. Toyota car engines are fixed with either combustion or hybrid engines.¶ Chevrolet:The American division of the General Motors, Chevrolet has an array of trucks, automobiles and commercial vehicles as the products. Its services include oil changing, vehicle insurance, vehicle financing, vehicle sales and vehicle repairs. Chevrolet is known for being a car of all the purses and purposes. It offers a wide range of vehicles including subcompact automobiles and medium duty commercial trucks. ¶ Mitsubishi Motors Corporation:Mitsubishi tends to bring greater productivity and better quality to the factory floor. Its extensive service networks across the world provide direct communication services and comprehensive support to its customers.¶ Honda Motor Co Ltd. Company:Honda Motor Co Ltd. Company is the largest motorcycle producer in the world. Its motorcycle lines feature everything from super bikes to scooters. The company has a dedicated production of personal watercrafts and ATVs.The company offers seven luxury vehicle models as well as SUVs and others. Honda Power products and machinery such as snow blowers, tillers, lawn mowers, outboard motors and portable generators are also within its lines. Quality, durability and economic fuel consumption of the Engines are the main reasons why customers prefer Honda machines.¶ Ford Motor Company:Ford Motor Company ranks high among the top automobile companies. Some of its brands include Lincoln, Taurus, Focus, Mustang, and Fiesta etc.‚§ The company’s automobiles are characterized with luxury under the Lincoln Marque brand, with other brands being good for sports and off-road performances. Ford manufactures some of the best, trucks, buses and tractors.
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Automobile industriy is one of the leading and potential platform where organizations. (2019, Aug 20). Retrieved from https://studymoose.com/automobile-industriy-is-one-of-the-leading-and-potential-platform-where-organizations-essay