EMERGENCE OF AUTOMOBILE INDUSTRY IN INDIAN CONTEXT - A CONCEPTUAL STUDY

Automobile Industry today is one of the Profitable Industry. India is one of the fastest growing economies in the world. Automobile industry had seen many ups and downs in India prior to liberalization. The liberalization of Indian economy enabled India to advance itself in many sectors. Automobile is one such sector wherein India has seen tremendous improvements. The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country's Gross Domestic Product (GDP).