In: Business and Management. It plays a major role in the growth of economy in India. The automobile industry in India is the ninth largest in the world with an annual production of over 2. The industry comprises automobiles and auto component sectors, which encompass passenger cars, two-wheelers, three-wheelers, tractors, commercial vehicles, multi- utility vehicles and components.
The Economic Impact of Rising Oil Prices in Automotive Industry
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The demand for commercial vans is growing because of the elevating demand for delivery service created by growing e-commerce. Debt ratio lies between 0 to1. Higher value indicates more risk to company and it will be difficult to obtain loans for new projects or expansion of any project. A low value indicates the company is less dependent on the money borrowed from or owed to others and the company has a strong equity position. Times Interest Earned is used to determine how easily a company can pay interest expenses on outstanding debt. Lower the ratio, more the company is burdened by debt expenses. Comparing it to Suzuki, BMW allow customers to design their car such as the seat material, colour, wheels and engine.
Impact of Recession on Automobile Industry
Please join StudyMode to read the full document. Major Players in Automobile Industry Automobile industry is booming in this century. India is one of the key players in the international automobile market. One of the fastest growing sectors in India is the automobile industry.
In: Business and Management. As compared to the production of mere 4, vehicles in , the production of the industry crossed the historic landmark of 10 million vehicles in Today, the industry produces a wide range of automobiles and auto-components catering to both the domestic as well as foreign markets.