Automobile Industry Literature Review

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Literature Review One of the biggest and complex challenge the world has ever faced is reducing carbon emissions in order to mitigate climate change. Such challenges can be addressed by technological innovations. Major industrial powers have started redesigning the frameworks of their policies to increase the innovations and subsequently, the investments in low carbon technologies. Economic evolution has indicated that the initial preference of technologies and the respective institutional frameworks hinder certain options in due course of development at later stages. This means the polices are updated as technology progresses. But they do not certainly result in a smooth overlap. There is always a delay or transition gap from the point of…show more content…
This has actively taken place in India resulting in the introduction of much more efficient and less polluting engines. First introduced in 1989, and further revised in 1991, 1996 and 1998, the current emission control norm stands at Bharat Stage IV (BSIV). The next control norm is Bharat Stage VI (BSIV). The intermediate stage of BSV is being skipped. Policy support for testing and homologation greatly assisted the Indian automobile industry to improve its technological capabilities. Over the previous decade, the structure of the Indian auto industry has experienced a move with an increment in the number, size and engagement level of the OEMs, both worldwide and in addition local market, happening in the technological capacities of the basic advancement framework. Still, dissimilar to the Chinese auto market, where just about 150 original equipment manufacturers (OEMs) of different sizes exist, the Indian market has generally couple of players that command the…show more content…
With a larger part of individuals not able to bear the cost of a car, the surge in portability has been overwhelmed by 2-wheeler purchases. The total sales of the Indian bike industry have developed at a compound yearly development rate (CAGR) of 13.5% around 2001–2002 and 2010–2011. Further, of the aggregate sales of 13.37 million units in 2010–2011, more than 1.5 million were exported (SIAM Reports). Investments and future pathway -----In India, the transport sector is the second largest contributor to energy related GHG emissions, with a share of over 7.5% of national emissions in 2007, up from 6.4% in 1994 (NATCOM 2010). Between 1951 and 2004, the vehicle population in the country grew at a compound annual growth rate (CAGR) of close to 11% (Singh 2006). At the same time, the lack of organized urban transport in several large cities has encouraged this move towards increased personal mobility, with the share of public transport in cities with population sizes over 4 million declining from 69% to 38% between 1994 to 2007 (Singh
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