Rise of Indian Automobile Manufacturing
India automobile manufacturing come through a tough patch of socialism and License Raj. When India gained independence, Hindustan Motors was the only Indian car maker in India. The Nehruvian Socialism had a pretty bad impact on Indian Automobile sector. In 1954, Ford & GM down their shutters due to License Raj. Things started to shape when Sanjay Gandhi planned to manufacture car in India. Maruti Udyog Limited was formed with JV along side Japanese automobile maker Suzuki. Maruti 800 was the first car that rolled out from the newly formed JV. This rose the Indian car sales to 1 lakh in 1985. This rose to 2 lakh in 1989. It take 15 years to increase the value 5 times when 10 lakh cars were sold in 2004. By 2010, 25 lakh cars were sold in India. 1991 was considered as a remarkable year for Indian economy when Indian economy is liberalized to the foreign investors. The first 3 foreign companies to come to India are - Ford, General Motors and Hyundai. In 1960, SIAM (Society of Indian A