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The first car came to India towards the end of the give up of the nineteenth century. This distinction is going to Mumbai than known as Bombay in which it regarded in 1898. Soon three other automobiles followed, and with the aid of 1910, the number of vehicles on the street in India had jumped to 1025.
After that first import, the Indian Auto industry remained static for a long time until Independence. Most of the vehicles have been imported from the UK and Europe and the elite together with Maharajas, and wealthy commercial enterprise guys had been the primary customers. The Mercedes became the auto most cherished by using Royalty and lots a lot of them located their manner to India from Germany.
With the dawn of Independence in 1947, the scenario did now not exchange tons, as the you. S. A. Followed a socialistic policy and motors had been categorized as a luxurious. With the result that for nearly three a long time the Indian car industry was at a standstill. The Government banned imports and in the call of self-reliance gave licenses only to three car manufacturers like Hindustan Motors, Premier Automobiles, and Standard automobiles to manufacture motors in India. The models churned out have been obsolete and in a managed financial system those vehicle producers thrived.
The son of India Gandhi Sanjay should take a few credit score for wherein India is today. In the late seventies and early eighties, he experimented with a small car known as the Maruti. A premature loss of life in an air accident positioned paid to his desires. But the authorities stepped in and invited Suzuki of Japan to make small vehicles. These cars had been a runaway achievement, and the sooner manufacturers of the old motors fell using the wayside. In due route greatest and Standard shut keep and handiest the Birla Hindustan motors is barely surviving.
However, the monopoly persevered, and Suzuki had an area day in a controlled market. But things changed in 1991 when Dr. Man Mohan Singh ushered in an era of liberalization. India which for many years were a negative cousin of the more significant players suddenly has become a warm market. The huge names like Toyota, Honda, GM, and others entered the market.