#2016, #Yearend 2016, #Sector Focus

The automobile industry continued to make a mark in global sweepstakes during 2016 and looks set to drive through further barriers in the New Year.

While unveiling the new version of its compact sports utility vehicle EcoSport at the 2016 Los Angeles Auto Show earlier this month, Michigan-based Ford announced it would be exported to its home country – US – in 2018 from its factory in Chennai.

#2016, #Yearend 2016, #Sector Focus

India’s auto industry has arrived on the global stage but has to learn to adapt to go further.

With annual sales of over 20 million units, the Indian automobile industry is one of the largest in the world. It is the fourth largest market for cars behind China, US and Japan and trails only China in the global pecking order for two wheelers. It has also been one of the fastest growing automobile markets in the world at a time when there are fewer takers for cars around the world. Many believe India will emerge as the third largest market for cars as early as the turn of this decade.