India automobile sector is monopolistic competition
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Transformation To Monopolistic Causes and Effects Entry of New firms including foreign players. Indian Automobile industry grew at 14.31% p.a. in post-1991 era compared to 8.56% p.a. during 1985-1991. Delicensing of sector attracted many major global OEMs( GM, Ford, Honda, Hyundai etc) to start assembling in India.
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An oligopoly is a market dominated by a few suppliers. ... Auto manufacturers are a good example of an oligopoly, because the fixed costs of automobile manufacturing are very high, thus limiting the number of firms that can enter into the market. A pure monopoly has pricing power within the market.
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