AUTOMOTIVE MISSION PLAN 2006-16 PDF

Automotive Mission Plan: Government to release details in September. All rights reserved. For reprint rights: Times Syndication Service. Market Watch. Pinterest Reddit.

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Recommended by Colombia. How did you hear about us? This move will bring hopes for Maruti Suzuki dealers at a time when the industry has been under constant stress due to the declining domestic sales and the coronavirus induced economic crisis.

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While some of the targets set 10 years back have been met, many have proved a little too steep to climb. Seven major targets were set at the beginning, which included total turnover, employment generation, contribution in GDP , PV, production CV production, three-wheeler production and two-wheeler production.

The AMP had laid out a target to reach a turnover of Rs 5,61, crore to Rs 7,31, crore. Follow and connect with us on Twitter , Facebook , Linkedin , Youtube. Commercial vehicle production. Automotive Mission Plan. Recommended by Colombia Sponsored Stories. Maruti Suzuki plans car leasing to boost sales This move will bring hopes for Maruti Suzuki dealers at a time when the industry has been under constant stress due to the declining domestic sales and the coronavirus induced economic crisis.

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Automotive Mission Plan, 2006-2016

The mission plan has been prepared by the Ministry of Heavy Industries and Public Enterprises in collaboration with the Indian automotive industry. The AMP envisages an increase in the country's turnover from 35 billion dollars to dollars accounting for ten per cent of GDP and providing employment to 25 million people by The current export of the automative sector is about 4. This should require an investment of about 40 billion dollar during this period , the minister added.

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Automotive Mission Plan 2006-2016

With the Automotive Mission Plan AMP drawing to a close, it can be revealed that while it was chugging along nicely towards its targets, a change in growth trajectory in the last three years saw it missing a few. As the world economy sputtered in the aftermath of the economic slowdown, in India, the automotive sector recorded a positive CAGR for a three-period between FY to FY of 1. However, the commercial vehicle segment posted de-growth of 5. In terms of volumes, the most affected was the two-wheeler segment that faced a shortfall of 25 percent as actual volumes of two-wheelers in the closing year of the Plan fell short of the targeted million with achieved figures being million. Some of its key achievements were an incremental employment creation of 25 million jobs over the last 10 years. India had attracted a significant quantum of investments from global and local OEMs as well as component manufacturers exceeding the target of Rs , crore. At the close of the Plan period, the industry has generated employment for 31 million with 2 million contributed by direct employment.

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