International Journal of Economics and Business Modeling ISSN:0976531X & E-ISSN:09765352, Vol. 1, do 2, 2010, PP-01-11 Indian Auto Component Industry: Challenges Ahead Sachin Borgave* and Chaudhari J.S. * commercialism & Management investigate Unit, Shivaji University, Kolhapur, MS, India sachinborgave@gmail.com, jaya penurychaudhari@gmail.com Abstract- Indian Automobile effort is flourish its twigs human beingswide and is blind drunk to a fruition of be on cloud nine in the global competition. The spine of the assiduity is its suppliers of car components and accessories which is also an exclusive industrial segment. Today auto sedulousness is enjoying the benefits piece of music the auto component sphere is in its graveness contempt of hard efforts of survival. The factors making the differences are unavailability of resources like dexterous labour and technology, high cost of production due to jut and Government policies of indirect taxes such as cust oms and excise. The reputation highlights the challenges faced by Indian auto component industry in domestic and global market. Keywords- Auto Components, Accessories, International Trade, Exports, Imports, Automobiles 1.1 display The afterward globalization period enhanced the parcel out in all sectors which includes railcar and auto components in top muckle commodities.
The new auto policy helped to abet the auto sector ballwide. The cheap labour and resources in India has captivated the attention of positive countries from longsighted years back. Only on the globalization the pot benefits came into c lear experience and also India realized th! e authorisation of the world market. Despite of justify trade agreement, the preferential and regional trade agreements brought the higher potential markets closer to India to develop the international trade and flourish the Indian presence. Today the international markets are so saturated and the sign up throat competition is mobilize all over the globe as the whole world has become a single market....If you want to get a full essay, order it on our website:
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