Significant advancements in various sectors have marked India's journey since gaining independence in 1947, and the automotive industry is no exception. From its humble beginnings to becoming one of the largest automobile markets in the world, India has witnessed a remarkable transformation over the decades. This article delves into the evolution of the Indian automotive industry post-independence and explores the impact of the "Make in India" initiative on this crucial sector.
THE EARLY DAYS: A BUMPY START
In the early years after independence, India's automotive industry was in its infancy. A combination of limited resources, technology, and government restrictions meant that the country heavily relied on imports for vehicles and automotive components. Only a few manufacturers operated in the country, catering mostly to the elite class.
However, with the government's focus on industrialisation and economic development, the tide started to turn. In the 1980s and 1990s, a wave of liberalisation swept the nation, and foreign investments and collaborations were welcomed. This opened the doors for multinational automotive giants to enter the Indian market, bringing with them advanced technology and global expertise.
A MILESTONE IN EVOLUTION: THE ECONOMIC REFORMS
This story is from the August 2023 edition of BBC TopGear India.
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This story is from the August 2023 edition of BBC TopGear India.
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