Question

Mention any two factors that have contributed for a healthy growth of automobile industry in india

Answer 1

Two factors contributing to healthy growth of the automobile sector are

(i) After liberalisation, the coming of new and contemporary models stimulated the demand for vehicles in the market.

(ii) Foreign Direct Investment (FDI) in this sector brought in new technology and aligned the industry with global developments.

Two major centres where this industry is located are Gurgaon and Indore.

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Answer 2

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The factor on which the growth and development of an automobile industry depends upon are as follows:-

• Highly skilled labour
• Large supply of iron and steel, wood, glass and fuel.

More factor on which automobile industry depend upon:-

• High degree of scientific and engineering skill
• Large amount of capital
• The domestic market demand.