WallStAnalyst.com: Rural Push and Fuel Efficiency Emerge as Growth Engines for Automobile Industry PR Newswire BANGALORE, February 13, 2014 BANGALORE, February 13, 2014 /PRNewswire/ -- Hurrah to the Farmer India is the sixth largest automotive manufacturer in the world, with the industry contributing about 6% to the GDP, 22% to manufacturing GDP as well as generating direct employment for over a million people and indirect employment for 15 million. Although the global slowdown has affected the fortunes of the automobile industry in India, growing demand from rural India is propelling the growth of the industry. Unaffected by most factors that have dented urban populations, rural Indian's spending is governed by the monsoons and a bumper crop. Thanks to a generous monsoon and increasing rural demand, the dwindling sales of automakers have received a new lease of life, thereby fueling industry growth. Please access this report by following the link below: http://wallstanalyst.com/sense-x/market-mantra/1250-the-great-indian-auto-diaspora (Logo: http://photos.prnewswire.com/prnh/20131216/10084998 ) Fall of the Titan Karl Slym, Managing Director of Tata Motors Ltd, who took over the reins of the company in September 2012 with the aim of turning around India's largest vehicle maker, died in Bangkok on 26 January 2014. Slym's shocking death comes at a time when Tata Motors was witnessing a revival of sorts after his strong focus on two major product segments - commercial vehicles and passenger cars, called "One Team One Vision", launched in December 2012. In August 2013, he added ACES (accountability, customer and product focus, excellence and speed) to this vision. One of his core job objectives was to revive the Nano and repositioning it as a smart city car. In this regard, Tata Motors recently launched a premium edition of the Nano with new features to prop up declining sales. With his untimely death, there is a huge gap to be filled in terms of leadership and vision that the company needs to tide over the storm. http://wallstanalyst.com/blog/entry/meaning-of-success Overview of US Automobile Industry and the Detroit 3 The automobile industry in any country is a vital component of its growth engine since it is extensively interconnected with the industrial and cultural framework. According to the 2010 Center for Automotive Research report, the automobile industry accounted for a share of 3-3.5% of the country's overall gross domestic product in the US. Since the automobile industry mainly depends on the manufacturing sector for its raw materials, it is one of the major drivers for the growth of the manufacturing sector over the past few decades. Rapidly evolving from horse-powered buggies to advanced hybrid automobiles, the industry has indeed come a long way. See our coverage of the US Automobile industry and the emergence of the Detroit 3 by visiting the Report page on WallSt.Analyst.com on Friday, 14 ^ February at http://wallstanalyst.com/reports About WallStAnalyst.com WallStAnalyst.com (WSA) is your 'One Stop Hub' to find sensible stock analysis based on sound research, financial model and technical analysis - all of which are actionable to enable you to make timely investment decisions on the equity market. While our work is unbiased, we are nonetheless subjective when it comes to putting your interests first. For more information visit www.wallstanalyst.com Primary Media Contact: Ms. Vani Rao, email@example.com , 91-0080-412 88088, +919945596983 Contact: PRN
WallStAnalyst.com: Rural Push and Fuel Efficiency Emerge as Growth Engines for Automobile Industry
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