Related Research Articles
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. It is one of the world's largest industries by revenue.
Daewoo Motors was a South Korean automotive company established in 1937 as "National Motors". The company changed its name several times until 1982 when it became "Daewoo Motors" following its acquisition by the Daewoo Group. After running into financial difficulties, it sold most of its assets in 2002 to General Motors at $1.2 billion, becoming a subsidiary of the American company. In 2011, the name "Daewoo" was definitively removed with the company being renamed GM Korea and the Daewoo brand replaced by the Chevrolet marque.
Eicher Motors Limited is an Indian multinational automotive company that manufactures motorcycles and commercial vehicles, headquartered in New Delhi. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. It also manufactures Eicher branded trucks and buses, under a joint venture with Volvo Group.
Ford Motor Company of Canada, Limited was founded on August 17, 1904, for the purpose of manufacturing and selling Ford automobiles in Canada. It was originally known as the Walkerville Wagon Works and was located in Walkerville, Ontario. The founder, Gordon Morton McGregor, convinced a group of investors to invest in Henry Ford's new automobile, which was being produced across the river in Detroit, Michigan.
The automotive industry in the Soviet Union spanned the history of the state from 1929 to 1991. It started with the establishment of large car manufacturing plants and reorganisation of the AMO Factory in Moscow in the late 1920s–early 1930s, during the first five-year plan, and continued until the Soviet Union's dissolution in 1991.
The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.
The Auto Expo is a biennial auto show held in Delhi NCR, India.
Chennai is nicknamed the "Detroit of Asia" due to the presence of major automobile manufacturing units and allied industries around the city.
Ford India Private Limited was a subsidiary of Ford Motor Company for its operations in India. Ford India Private Limited's headquarter were located in Sholinganallur, Chennai, Tamil Nadu. Ford also had operated integrated manufacturing facilities in Sanand, Gujarat. On September 9, 2021, Ford exited the Indian market as it failed to keep up with the competition, and other global economic factors had led to reduction in demand. On 8 August 2022, Ford announced it would be selling its manufacturing plant in the western state of Gujarat for INR 7.26 billion to Tata Motors. Since 2021, Ford India has focused on the businesses of supporting a service network, import and distribution of automotive parts, and the sale of extended warranties.
The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. 384,000 cars were sold in 2023. In the 1990s and early 2000s, Pakistan had many Japanese cars. With the launch of the first Auto Policy in 2005, Pakistan launched its first indigenous car, Adam Revo. However, after the 2008 elections, the dollar started depreciating, and due to bad governance, many automakers began to halt production, with some exiting Pakistan. Currently, the auto market is dominated by Honda, Toyota, Hyundai, Kia and Suzuki. However, on 19 March 2016, Pakistan passed a second "Auto Policy 2016-21," which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Proton Holdings, Kia, SsangYong, Volkswagen, FAW, and Hyundai have expressed interest in entering the Pakistani market. MG JW Automobile Pakistan has signed a memorandum of understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor, to bring electric vehicles to Pakistan. NLC signed an agreement with Mercedes-Benz to manufacture Mercedes Actros trucks in Pakistan. On 8 July 2021, Jolta Electric launched the production of electric motorcycles.
A substantial car industry was created in Australia in the 20th century through the opening of Australian plants by international manufacturers. The first major carmaker was Ford Australia and the first Australian-designed mass production car was manufactured by Holden in 1948. Australian manufacture of cars rose to a maximum of almost half a million in the 1970s and still exceeded 400,000 in 2004. Australia was best known for the design and production of 'large' sized passenger vehicles. By 2009 total production had fallen to around 175,000 and the Australian market was dominated by cars imported from Asia and Europe.
This article provides an overview of the automotive industry in countries around the world.
The Eicher Polaris Multix was a personal utility vehicle manufactured by Eicher Motors and Polaris India. The vehicle was announced in June 2015, and the first vehicle was delivered on 26 August 2015. Multix is promoted by its manufacturer as "India's first personal utility vehicle", able to be used as a people carrier, a cargo carrier and also a power generator.
References
- ↑ "Ford Will Cease Making Cars in India, Take $2 Billion Charge". Bloomberg.
- ↑ "Eicher Polaris Multix discontinued". Autocar India.