Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

India to overtake Thailand to become global automobile hub by 2020

August 25, 2014, 01:59 PM IST by Pratheek Kunder
India to overtake Thailand to become global automobile hub by 2020

The manufacturing sector plays a very important role in developing a country’s economy. And in a place like India, where automobile manufacturing was always seen as an important backbone of the country’s GDP, things are  about to get better. According to a report by Standard Chartered Bank, India will overtake Thailand to become the global automobile hub by 2020. 

This report comes at a time when the new Narendra Modi government is betting big on the manufacturing sector and has asked various companies to set up shops in India. During the 68th Independence Day, the Prime Minister used four powerful words “Come, make in India”. We are expecting many automobile manufacturers to take this seriously and produce more auto components in the country and export it worldwide. Hyundai plans to source engines for its global operations from India whereas Ford plans to make India its manufacturing hub for engines for the Asia-Pacific region and Africa. On the other hand, Volkswagen plans to increase sourcing from India to 70 per cent of total global sourcing. Toyota and Suzuki are also increasingly using India as a sourcing hub for global requirements.

There are various reasons why India looks more attractive than Thailand. Few of the major reasons are that firstly, the new government has shown interest in  some serious governance in the country.  Secondly, India sold 2.7 million vehicles in 2012-2013, making it one of the largest car markets in the world. China leads this sector with annual sales of over 20 million cars. Thirdly, the transit time to Europe from India is less than that of Thailand. The transit time for ocean freight to Europe is 22 days from Mumbai versus 28 days from Bangkok and 26 days from Jakarta.

This is also good news for component manufacturers who will see a drastic increase in their overall revenues. This development will also create thousands of jobs, which is much needed for the country. 

Show CommentsHide Comments
  • Upcoming Cars

Tata HarrierTata Harrier

Jan 2019

16L - ₹ 22L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
Nissan KicksNissan Kicks

Jan 2019

10L - ₹ 15L
Kia SPKia SP

Jul 2019

14L - ₹ 20L

Jun 2019

18L - ₹ 23L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in