examine the impact of liberalization on auto mobile industry of India
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Impact of liberalisation on automobile industry in India are: ... (v) After liberalisation, the coming in of new and contemporary models stimulated the demand for vehicles in the market, which led to the healthy growth of the industry including passenger cars, two and three wheeler
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1. After the liberalization, the coming in of new and contemporary models simulated the demand for vehicles in the market, which led to the healthy growth of the industry including passenger cars, two and three-wheelers.
2. This industry had experienced a quantum jump in less than 15 years.
3. Foreign Direct Investment brought in new technology and aligned the industry with global developments.
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