Question

How Indian Automobile industry has helped to reduce development cost of their product:

providing cheap labour
providing cheap raw material
designing cist effective tooling
designing component at low cost

Answer 1

providing cheap labour as labours are nowadays found in high demand.
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Answer 2

Solution:

India is the storehouse of labour capital and the raw materials as well.

It provides cheap labour and raw materials to the automobile industries which consequently reduces the development cost.

The production cost generally increases when there is use of huge capital and heavy machineries are engaged.

While providing labours and raw material at cheap cost, the production cost decreases ultimately.