Volume : III, Issue : V, May - 2013

Automobile Sector in Odisha

Ratna Binodini Amiya Priyadarsini Das

Abstract :

As India’s economy continues to grow at a rapid pace, the automobile industry will be a key beneficiary. This is widely true across automotive markets—from those serving customers with two–wheelers and four–wheelers to those offering commercial vehicles. The main factors behind such growth are the increasing affluence of the average consumer, overall GDP growth, the arrival of ultra–low–cost cars, and the increasing maturity of Indian original equipment manufacturers (OEMs). However, India’s path to mass motorization will be very different from that of developed countries; it must first develop the new technologies, business models, and government policies that will pave the way to increased automobile penetration. The automotive sector is one of the core industries of the Indian economy, whose prospect is reflective of the economic resilience of the country. With 4% contribution to the GDP and nearly 5% of the total industrial output, the automotive sector has become a significant contributor to the exchequer. This paper mainly highlights the Contribution of Automobile Sector to total revenue , Collection Pattern from different segments of automobiles , Sales tax collection Trends , Revenue Gap Analysis .

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Ratna Binodini Amiya Priyadarsini Das Automobile Sector in Odisha Indian Journal of Applied Research, Vol.III, Issue.V May 2013

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