Explain Porterâ€TMs Five Forces analysis in context of Indian automobile industry.
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Explanation:
Michael Porters 5 force analysis takes a look at the various factors, regarding barriers to entry , threat of substitute products being in the market, rivals (competition), bargaining done by buyers and bargaining done by suppliers.
In the case of Indian automobile industry,
For example, in the case of competition, If Honda cars exist its rival could be Toyota cars. That could compete with its prices and quality.
In the case of barriers to entry, government could put certain taxes, there could be some certain capital requirements and cost advantages. Threat of substitutes is that a car exists which is an exact substitute/alternative of another car. That would cause competition for their sale.
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