GO GREEN WITH FDI IN INDIAN TWO WHEELER AUTOMOBILE INDUSTRY

The Middle East has become the prime target for foreign direct investment. India ranks 6th, which although not in the front line but has become an attractive destination for foreign investment in automobile industry. Expansion and diversification in today’s scenario has become a strong presence in two-wheeler sector. The automobile sector of India is growing at a pace of 18% per year. Apart from this growth rate the basic advancements includes the several areas such as technological advancements, cost effectiveness, and efficient manpower. India stands second in manufacturing of two wheeler around the world. Besides these, India has a well developed and competent auto ancillary industry and automobile testing and R&D centres. Mopeds, scooters and motorcycles constitute the two-wheeler industry in the increasing order of market share in India.