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There is certainly little or no hesitation that India today offers emerged being a powerhouse in the automotive industry. Orde Nano, the world's cheapest car is sold in its native country for about Rs 1-lakh ($2, 198). Tata Nano is made entirely in India simply by Tata Electric motor Limited. If the Nano was launched in March 2009, it accomplished Tata Group Leader Ratan Tata's vision of creating a " people's carвЂќ. The aim was going to produce a car that is safe and cost-effective to just about everyone in India. Since launching, it has generated so much affinity for India as well as the rest of the world. By May 2009, completely received an overall total of 206, 000 requests. But the question is what manufactured the Nano to be priced so low? To respond for the question we need a quick analysis of the aftermath of reconstructs introduced by the newly chosen government of India 20 years ago.
In 1991, the newly chosen government in India launched into a major revamp in the economy being a necessary step to address the country's balance-of-payments crisis. Among the many reforms this initiated was a liberalization travel to target foreign investment and attract trade.
Next initiative, in 1993 the us government announced a drastic reduction in import duty in automobile pieces. These procedures significantly acted as a catalyst to activate the economy and eventually catapulted India's automotive industry towards the enviable level it enjoys today.
Besides the aforementioned, Struktur Motor in response to the Chairman's vision of the safe, cheap, and affordable car decided to keep things simple simply by re-inventing a brand new car. It was to be attained by making points a whole new way and at the same time taking into consideration important variables over the design and manufacture method. The car parts where made to be smaller sized and lighter weight. Regulatory and safety requirements of the home-based market was obviously a given. Most importantly, the performance targets described by the minimum amount a customer might accept...
Referrals: http://www.business-in-asia.com/countries/automotive_industry_india.html reached: 29-10-2011.
http://www.siamindia.com/ accessed: 29-10-2011
http://www.carazoo.com/article/1001201101/Indian-Automobile-Industry-in-2011 utilized 29-10-2011