Question

why there is a quantum jump in automobile industries in less than 15 years ?

Answer 1

hey mate here is your answer

Automobile industry provides vehicle for quick transport of goods and passengers. Trucks, buses, cars, motorcycles, scooters, three-wheelers and multi-utility vehicles are manufactured in India at various centres. After the 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-wheelers. The industry had experienced a quantum jump in less than 15 years. Foreign Direct Investment brought in new technology and aligned the industry with global developments.

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Answer 2

Automobile industries in 15 years:

• Automobile industries were growing from WW2.
• As we all know that the automobiles are widely used for transportation of passengers and goods.
• The quantum jump is due to the transportation of the goods which includes export or import or products or raw materials.
• There was foreign direct investment in many countries which made way to development of foreign products in the native countries.
• This lead to employment for many people. This increased the transportation and the advanced technology is making everything faster with which the transportation of not only passengers but also the goods is need to be made faster.
• This lead to the development of the automobile industry. Even now there is more demand for the automobiles with renewable energy or electric current.