Automobile Industry in India and Top companies

Automobile Industry

Automobile Industry as a wide scope of organizations and associations engaged with the structure advancement fabricating showcasing and selling of Motor Vehicles. Automakers it is one of the world’s biggest monetary divisions by income.

the car business does exclude ventures devoted to the support of autos following conveyance to the end-client, for example, car fix shops and engine fuel filling stations .the word car was from Greek auto sand Latin thought process is to allude to any type of self-controlled vehicle this term as proposed by Elmer Sperry originally came into utilization regarding cars in 1898.

In India, the automobile industry manufactures more than 20 million vehicles. India occupies a strong position on the international heavy vehicle scene as it is the largest manufacturer of tractors, the second bus manufacturer and the third heavy truck manufacturer in the world.

The sale of passenger cars increased by 2.7%, two-wheelers by 4.86%, and three-wheelers by 10.27% during the period 2018-2019, namely 2017-2018. In April-March 2019, overall automobile exports increased by 14.5%. The commercial vehicle segment as a whole recorded growth of 17.6% in April-March 2019.

Automotive industry  7.1%  
Share in India’s GDP    35 mn  
Employment  40%  
Share in R&D  4.3%  

Top Automobile Companies in India

1 .Tata Motors Ltd

Revenue: US$44 billion, 2019

CEO: Guenter Butschek

Parent org: Tata Group

Headquarters: Mumbai

Founder: J. R. D. Tata

Employees: 82,797

2. Maruti Suzuki India Ltd

Revenue: US$13 billion, 2019

Parent organization: Suzuki

CEO: Kenichi Ayukawa (1 Apr 2013–)

Founder: Government of India

Founded: 1982, Gurugram

Headquarters: New Delhi

Employees: 33,180

3. Mahindra & Mahindra Ltd

Revenue: US$15 billion, 2019

Employees: 42,875

Parent organization: Mahindra Group

CEO: Anand Mahindra (Apr 1997–)

Founded: 2 October 1945, Ludhiana

Subsidiaries: Mahindra & Mahindra Financial Services Limited, MORE

Founders: Malik Ghulam Muhammad, Jagdish Chandra Mahindra, Kailash Chandra Mahindra

4. Hero MotoCorp Ltd

Revenue: US$5.0 billion

Market Cap: Rs 57,180 Cr

Employees: 8,551

Founder: Brijmohan Lall Munjal

Founded: 19 January 1984, Dharuhera

Headquarters: New Delhi

Owner: Brijmohan Lall Munjal (39.92%)

Subsidiaries: Hero Future Energies Limited, MORE

5. Bajaj Auto Ltd

Revenue: US$4.6 billion

Employees: 8,064

Parent organization: Bajaj Group

CEO: Rajiv Bajaj (Apr 2005–)

Founder: Jamnalal Bajaj

Headquarters: Pune

6. Ashok Leyland Ltd

Revenue: US$3.1 billion, 2016

Employees: 11,966

Parent organization: Hinduja Group

CEO: Vipin Sondhi (12 Dec 2019–)

Headquarters: Chennai

Founder: Raghunandan Saran

Founded: 7 September 1948

Subsidiaries: Optare, Hinduja Foundries

7. TVS Motor Company Ltd

Revenue: 150 crores USD

Employees: 5121

CEO: K. N. Radhakrishnan (Aug 2008–)

Headquarters: Chennai

Founder: T. V. Sundaram Iyengar

Parent organization: Sundaram – Clayton Limited

Subsidiaries: TVS Motor Services Limited

8. Eicher motors ltd

Revenue: US$1.3 billion

CEO: Siddhartha Lal (1 May 2006–)

Headquarters: New Delhi

Founder: Vikram Lal

Subsidiaries: Royal Enfield, VE Commercial Vehicles

Reason for Automobile industry slowdown are mainly:

1. Insurance Policies -; keep changing of insurance policies, the new policy mandates every new automobile to have an insurance cover for straight three years.

2. Fuel prices are high, and the prices of automobiles have gone up.

3. Increasing Electric Vehicles

4. Higher tax, Higher and non-standard road taxes.

What is cottage Industry and its advantages

Cottage industry

COTTAGE INDUSTRY

The cottage industry is an industry where products and services are home base rather than factory you have to do the creation of skills.

ADVANTAGES OF THE COTTAGE INDUSTRIES

1. Only minimum investment is needed to start such industries.

2. The goods and services sold in these industries tend to be inexpensive because this production avoids many costs, such as the rental of offices or factory premises and storage costs. Lower production costs can be passed on to consumers in the form of lower prices.

3. Handicraft production is flexible, allowing people to work at their own pace and, same time, to do household chores.

4. The nature of these industries allows family members to provide assistance at little or no cost to cottage contractors.

5. The craft industry is a possible response to the problem of unemployment which prevails in many Caribbean territories, as it provides a source of self-employment and income for many.

6. The craft industries (in particular those involved in the craft industry) have contributed to supplementing and developing tourism.

7. These industries help reduce the importation of many items and are a means of earning foreign exchange, either through direct export, or indirectly when goods and services are sold to tourists.

8. The incomes of small producers often supplement the regular income and add to the national income and the circular circulation of income in the country.

9. Many cottage industries turn into large enterprises and become large producers, where they can realize economies of scale, which are advantages or advantages of large-scale production.

10. The diversified production of the cottage industries has given consumers a wider choice while avoiding mass production, which is “unpleasant” for consumers, most of whom like the personal touch.

What is Industry 4.0? Things to understand everything

Industry 4.0

 Industry 4.0 is referred to as the fourth Industrial Revolution will we’ve seen transformative technologies that have changed industry. it is defined as the 4th industrial era since the initial industrial revolution. The main element of 4.0 is the fusion of technology from physical, digital, biological, with Nanotechnology, biotechnology, and intelligence .at the moment this fourth Industrial Revolution sees smart factories with connected machines and intelligent robots.

The industrial revolution was one of the significant discoveries in human history also termed as industrial age. The first Industrial Revolution basically started in this 1770s will be moved from hand to machine from farms to the first factories using steam and water power. It took the production process from the firms to a unit i.e. a factory where people were moved out. Then a hundred years later electricity arrived and the Next Industrial Revolution so this gave us automation, it gave us assembly lines so this was the real start of factories as we know them today. In 2nd industrial revolution when large scale machines were brought into operation. We have the computer arrived around 1970.

 In 3rd revolution used electronics and information technology to automate production. Internet technology and renewable energy emerged and created a new infrastructure method in the industrial revolution.   we now have computers that would allow us to automate some of the work in factories we have electronics in them and this latest Industrial Revolution which has just started .which we refer to as industry 4.0 is now not looking at these individual computerized machines but this whole network of them they’re all communicating to each other. We have intelligent factories and some of the underlying technologies of this new industrial revolution is the Internet. Things we have smart machines and have sensors in them that are connected to networks and talk to each other so they can diagnose their own problems and alert someone that something is going wrong within the machines.

We have big data so all of these machines generating huge volumes of data that we can now use and analyze and we can use things like artificial intelligence and machine learning to make out of this data. So we get things like predictive maintenance where a machine or an assembly line will tell us that this might be going to break down in the next day or so.so we need to fix things before they actually ever happen we now have interconnected supply chains. It also enables us to have more intelligent robots and autonomous things like vehicles and drones.

 we can now shape things automatically using delivery robots .this new world of smart connected machines and intelligent robots basically means that new industrial revolution means we need to rethink our businesses we need to take them from the third Industrial Revolution to this new world of Industry 4.0 and we need to develop our skills and we need to figure out what the role is of that people will play in all of this. So we’re now talking about robots, so we call to share our working environment with intelligent robots. so we need to make sure that we find in place a new place for all of us and prepare for this new fourth Industrial Revolution help the companies shape their business processes their business skills so they can leverage all of these new technologies, and like every previous Industrial Revolution, the organizations that don’t prepare for this will very quickly be left.

TRANSFORMING 4.0 Highlights

  • Reduce poverty
  • Better health care
  • Farmer’s income increase
  • Provide new technologies to farmers.
  • Strengthen the infrastructure
  • Better business opportunities

Challenges of industry 4.0

Economic

High Economic cost

Business Model Adaptation

Unclear  economic benefits

Social

Privacy concerns

Surveillance and distrust

Threat of redundancy of the corporate IT department.

Loss of many jobs to automatic processes

political

Lack of regulation, forms of certificate

Unsure legal issues and data security

Organizational level challenges

IT security issues

Reliability and stability needed for machine to machine communication.

integrity of production

Lack of skill sets

Low and top management attitudes

Insufficient qualification of employees.