Tenders From Automotive Tenders -> The automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles. The markets in North America and Japan were stagnant, while those in South America and other parts of Asia grew strongly. From a humble beginning, Japan is now the largest auto manufacturing country in the world. Of the major markets, China, Russia, Brazil and India saw the most rapid growth. China became both the largest automobile producer and market in the world after experiencing massive growth in 2009.The automobile industry in India happens to be the ninth largest in the world. Following Japan, South Korea and Thailand, in 2009, India emerged as the fourth largest exporter of automobiles. Several Indian automobile manufacturers have spread their operations globally as well, asking for more investments in the Indian automobile sector by the MNCs. Driving the most luxurious car has been made possible by the stiff competition in the automobile industry in India, with overseas players gathering the same momentum as the domestic participants. The Largest automotive companies in India are Maruti Suzuki, Hyundai Motor India, Tata Motors and Mahindra & Mahindra. Total turnover of the Indian automobile industry is expected to grow from USD 34 Billion in 2006 to USD 122 Billion in 2016. India has overtaken China in global auto exports of compact cars for 2009. Suzuki Motor Corp, Hyundai Motor Co, and Nissan Motor Co are making India a manufacturing hub for small cars.
