The Auto Story

The Auto Story

If Henry Ford were alive today, where do you think he'd be makinghis cars? Besides a few other countries, definitely in India. Ifyou've already read our cover story and the special onmanufacturing's winning industries this issue, you'll know why. Onereason is, of course, the boom in domestic auto sales. The industryhas grown at a compounded annual rate of 27 per cent over the lastfive years, and now accounts for 5 per cent of the country's GDP.Over the next nine years (that is, until 2015), it is expected togrow at 10 per cent a year. By then, the industry could be worth $40-45 billion (Rs 1,84,000 crore-Rs 2,07,000 crore), with auto partssuppliers-Indian …