The mind always wonders about progress. The huge hype about
foreign car makers making a beeline to
India along with well-known component makers is a progress that definitely entices a person to think of the reasons. Is it
India’s greatness or another countries downfall?
In the aftermath of the US economy decline, the Bloomberg report (on climate and green house gases) stated reasons for the sudden affection of Car manufacturers towards China and India. China is one of the cheapest places for manufacturing any commodity in the world and it is also becoming the second largest car market in the world. However, China carries risks of a slow down similar to the US market recession. The already under-performing auto sector fears that if China goes down, they are doomed to see history repeat itself.
India, on the other hand, as a marketing hub can sustain decent sales figures and maintain profit margins for a long time to come. So, the progress India sees is not due to any love that the foreign market suddenly has for India, but rather fear that brings two options: Change and expand or Die a slow death.
I am thrilled that somebody has pointed out the correct reasons for The big MNC's coming to India. The huge hype in auto industry had taken everybody by surprise. With this facts the reality looks so much more simpler.
Foriegn car makers are poring into india, that true but why to think in a negative way.they are exploring indian market because they see their growing market for their products,We should be proud that India is becoming a hub for them.
It is commerce that drives European companies to look at Asia.The economies of US and western Europe have become saturated and hence these companies are forced to look at other economies like Latin American countries and Asian giants. I hope that Indian buy a majority of Indian made cars and given them a thumsdown.