One of the important feature of the world economy today is globalisation.

It is increased at fast pace and different economies of the world coming closer to one another in terms of economic relations.

IMPACT OF GLOBALISATION ON BUSINESS SECTOR

DEFINATION OF GLOBALISATION
Globalization is the system of interaction among the countries of the world in order to develop the global economy.

SOME EFFECTS OF GLOBALISATION

POSITIVE EFFECT

Globalization and Competitiveness of Indian Auto Component Industry

Globalization is an economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows. Globalization has influenced every aspect of human life and it offers certain opportunities and threats to each aspect of business. The Auto industry in India is not un touched by the effects of globalization. The Indian Auto Industry and the Auto component industry is suddenly exposed to the vast international market as an opportunity and to Global competition in large scale. .

Evolution of Global Auto Industry

In past 70 years Motorcar has transformed society and personal mobility. In 1890, the average person travelled 13 miles in a year and now an average person travels 13 miles a day. There were 800 cars on the road at the end of 19th century. By 1910 that number increased to almost 460000 with more than 300 cars makers setting up business. Ten year later there were 8 million vehicles on the road. As production grew prices fell .By the year 2000 the Industry was producing 59.7 million vehicles annually.

The Automotive industry in India is one of the largest in the world and one of the fastest growing globally. India manufactures over 11 million 2 and 4-wheeled vehicles and exports about 1.5 million every year. It is the world's second largest manufacturer of motorcycles, with annual sales exceeding 8.5 million in 2009. India's passenger car and commercial vehicle manufacturing industry is the seventh largest in the world with an annual production of more than 2.6 million units in 2009.] In 2009, India emerged as Asia's fourth largest exporter of passenger cars, behind Japan, South Korea and Thailand. By 2050, the country is expected to top the world in car volumes with approximately 611 million vehicles on the nation's roads

The Automotive industry in India

The second generation Tata Indica Vista. The Indica is the first passenger car indigenously developed IN INDIA Mahindra Scorpio, one of India's best selling indigenously developed SUV.

The production of automobiles has greatly increased in the last decade. It passed the 1 million mark during 2003-2004 and has more than doubled since.
Car % Change Production 2,166,238 17.34 1,846,051 7.74 1,713,479 16.33 1,473,000 16.53 1,264,000 7.27 1,178,354 29.78 907,968 28.98 703,948 7.55 654,557 26.37 517,957 -2.85 533,149 Commercia % Change l Vehicles 466,456 -4.08 486,277 -9.99 540,250 -1.20 546,808 50.74 362, 755 9.00 332,803 31.25 253,555 32.86 190,848 19.24 160,054 -43.52 283,403 -0.58 285,044

Year 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999

Exports

Mahindra Scorpio Jeep in service with the Italys CNSAS. India's automobile exports have grown consistently and reached $4.5 billion in 2009, with United Kingdom being India's largest export market followed by Germany, Netherlands and South Africa. India's automobile exports are expected to cross $12 billion by 2014.

foreign automotive companies in india

Manufactured only in Chennai, India, the i10 is one of Hyundai's best selling globally exported cars. Maruti Swift. Maruti Suzuki, a subsidiary of Japan's Suzuki Motor, is the largest automobile manufacturer in India.

The Automotive industry in India is one of the largest in the world and one of the fastest growing globally. India manufactures over 11 million 2 and 4-wheeled vehicles and exports about 1.5 million every year.It is the world's second largest manufacturer of motorcycles, with annual sales exceeding 8.5 million in 2009. India's passenger car and commercial vehicle manufacturing industry is the seventh largest in the world, with an annual production of more than 2.6 million units in 2009. In 2009, India emerged as Asias fourth largest exporter of passenger cars, behind Japan, South Korea and Thailand