India has become one of the largest markets for car manufactures in the last few years. It has in fact become a better market than china due to the higher earning capacity of Indians when compared to the Chinese. The India market is also stable because they follow a system where they prefer to buy a new car once every 3 years. These reasons have made it one of the largest growing markets in the world. Add to this the fact that there are very few Indian companies that make cars, it leaves a wide open space for foreign manufactures. This has helped India a lot. These car companies set up a plant in some place and make cars. The best place that one can select in India is the city of Chennai which was previously known as Madras. Chennai has become the Detroit of India with all the major players like BMW and Hyundai setting up their plants there. The reason behind companies choosing this city is that the city has an excellent port from which they can export cars to European countries. The other reason is that this city has a great pool of skilled labor force which can’t be found in any other state. These few reasons has made India one of the best markets in the world. And all companies are planning some kind of expansion in this country.
0 comments:
Post a Comment