Retail automotive industry statisticsDeveloping a cohesive, inclusive and syndicated physique, F A D A takes pride in becoming a voice to a variety of State Chapters at the same time strengthening the automotive ecosystem through partnerships. In addition to conducting its own instruction programme, FADA has joined hands with SIAM and ACMA to form Automotive Skills Development Council (ASDC) under the aegis of National Expertise Improvement Corporation set up by the Government of India. ASDC aims at addressing the medium and long-term manpower requirements of automotive sector as a entire.
In order to preserve up with the expanding demand, a number of auto makers have started investing heavily in various segments of the business for the duration of the last few months. The market has attracted Foreign Direct Investment (FDI) worth US$ 19.29 billion for the duration of the period April 2000 to June 2018, according to data released by Division of Industrial Policy and Promotion (DIPP).
The world automotive retail business was worth close to $five trillion in 2011, having recorded yearly growth of a lot more than two% for the 4 preceding years, reports MarketLine. Auto dealers represented the top marketplace segment, producing more than $two trillion in 2011, equivalent to virtually 44% of the all round industry. Business development is expected to accelerate to a yearly rate of 8% between 2011 and 2016, bringing the industry to much more than $7.2 trillion.
Present Trends In The Automotive Industryretail automotive industry statistics
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