The automobile industry in India offers significant employment opportunities. The automobile industry including component industry employs 0.45 million people directly and around 10 million people indirectly.
The auto industry recorded a turnover of US$ 10 billion while the auto-component industry recorded a turnover of US$ 2.7 billion in 1999-2000.
• Many international auto majors entered the country post liberalisation in 1991.
• India’s largest car-maker Maruti Udyog Ltd (MUL) was recently privatised with Suzuki Motor Corporation moving into the driving seat after acquiring a majority stake and management control in the Maruti Suzuki joint venture in early 2002.
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