The automobile industry in India is one of the fastest growing components of the Indian economy, both from an internal and external production and consumption perspective. The sector is responsible for about 22% of India’s manufacturing GDP and has been consistently growing at a healthy rate of 12 to 15 percent every year.
India is currently the seventh largest producer of automobiles in the world, and is likely to become the fourth largest by the end of 2015. Foreign Investors are also entering the market in a big way with companies like KTM setting up their manufacturing facilities in the country and Harley Davidson launching new models and marketing companies. These investments are only expected to grow and propel India to become one of the largest markets for automobiles by 2020.
The automobile and ancillary industry is also one of the largest employers in the country right now, and is only expected to grow with all the new companies coming into the market and existing companies increasing capacity. CorporateCare has several years of experience with the vastness, requirements and complexities of the automobile sector. Our experts have had several years of experience of working with the top companies and executives in this area, as well as dealing with complex situations such as unions, making us the best company to partner with for all your HR and recruitment services needs.