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The India Vehicle Companies have registered stupendous growth over the last decade. The astronomical growth of the India Vehicle Companies can be attributed to the opening of Indian economy to the international investors in the 1990s.

The last decade and half witnessed a number of collaborations of Indian companies with big international players in this segment. With the growth of Indian economy and subsequent industrialization of India, there has been a sudden spurt in the process of infrastructure and transport sector. The growth in the above-mentioned sector has propelled the need for heavy vehicles in India. Till early 1990s, the manufacture of heavy vehicles was meant to fulfill the meager needs of the domestic Indian market. But today, India is the global hub for the manufacture of heavy vehicles.

Most of the foreign companies have collaborated with major Indian players in this sector. They are leveraging upon India's cheap and efficient labor force and exporting heavy vehicles to destinations all around the world. India Vehicle Companies have been offering world-class products to millions of customers across the world. This manufacturing practice has resulted in the lowering of prices of heavy vehicle across the globe. Consequently, more and more money is being pumped in RandD of more fuel efficient and environment-friendly vehicles.

 

The Indian Vehicle Industry is harmonizing both Safety & Emission regulations with International Standards for sustained growth of the Industry for combating the environment and become a global export hub.

 

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