 The Indian Passenger Car Industry and the South Asian Market: Global Auto Companies’ Struggles in IndiaYeong-Hyun Kim Chapter 16 in Cars, Carriers of Regionalism?, 2004, pp 247-261 from Palgrave Macmillan Abstract: Abstract The 1991 liberalization opened up many sectors of the Indian economy to global capital flows, and its auto industry has attracted the bulk of foreign investment after it was deregulated in 1993. Ten of the world’s leading auto companies have set up production facilities for passenger cars in India since deregulation. Over the past decade the Indian passenger car industry has witnessed a substantial increase in production, a wave of new models, and the inflows of global components suppliers. The decline of local companies was anticipated, and, indeed, some have seen their market shares shrink drastically in the past decade. The combined effects of these changes have led to a fundamental and extensive restructuring of the Indian passenger car industry, of which previous restructuring dates back to the early 1980s when Maruti Udyog, a joint venture of the Indian government and the Suzuki Motor Company, emerged as a dominant player in the market. Keywords: Indian Government; South Asian Country; Global Firm; Sport Utility Vehicle; Auto Component (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52385-2_16 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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