Market Watch-light Commercial Vehicles Manifestation of Success and Growth

Abstract

With five thousand years of history behind it, a five-decade young nation and the largest democracy in the world, India today has the second largest volume of human resource in the universe. It has no more than 2.5 per cent of global land but is the home of one sixth of the world's population of more than 1.1 billion. India possesses one of the richest reserves of biodiversity, minerals and metals, soils and water, flora and fauna in this part of the globe and has climatic conditions suitable for round the year economic activity in any part of the nation.
In India, as in many other countries, the auto industry is one of the largest industries. It is one of the key sectors of the economy. The industry comprises of automobile and the auto component sectors and encompasses commercial vehicles, multiutility vehicles, passenger cars, two-wheelers, tractors and related auto components.