A COMPARISON STUDY ON IMPROVING BOTTOM�LINE THROUGH EMPLOYEE VALUE ADDITION IN INDIAN AUTOMOBILE INDUSTRY

Dr.V.R.Nedunchezhian; Dr; R.Hemanalini; R; Karthikeyan

Volume : VII, Issue : I, January - 2017

A COMPARISON STUDY ON IMPROVING BOTTOM�LINE THROUGH EMPLOYEE VALUE ADDITION IN INDIAN AUTOMOBILE INDUSTRY

Dr. V. R. Nedunchezhian, Dr, R. Hemanalini, R, Karthikeyan

Abstract :

India’s automotive industry is one of the most competitive in the world. It does not cover 100 per cent of technology or components required to make a car but it is giving a good 97 per cent. Leading auto maker Maruti Suzuki expects Indian passenger car market to reach four million units by 2020, up from 1.97 million units in 2014–15. The Indian automotive sector has the potential to generate up to US$ 300 billion in annual revenue by 2026, create 65 million additional jobs and contribute over 12 per cent to India’s Gross Domestic Product, as per the Automotive Mission Plan 2016–26 prepared jointly by the Society of Indian Automobile Manufacturers (SIAM) and Government.