industry profile of motorcycle
INDUSTRY PROFILE
TWO WHEELER INDUSTRY
It has been more than 50 years now that bikes have been rating Indian automobile section. In 1955 the Indian govt needed the study and reliable motorcycle for its Army and Police to Patrol the ragged border high ways. The first batch of 350cc bullet, the super bikes in India of all times from the Royal Enfield co, of the UK where received and assembled at Chennai. Since then bike in India have been flourishing as a two wheeler segment and Indian bikes gaining in popularity all across the world Talking of Bikes and CC. Bikes having four strokes –engines are thought to be more fuel efficient motor bikes they are the main reason for the growth of motor bike segment in India.
The two-wheeler industry in India has been in existence since 1955. It consists of three segments o Scooters o Motorcycles o Mopeds
The increase in sales volume of this industry is proof of its high growth. In 1971, sales were around 0.1 million units per annum. But by 1998, this figure had risen to 3 million units per annum. Similarly, capacities of production have also increased from about 0.2 million units of annual capacity in the seventies to more than 4 million units in the late nineties.The two-wheeler industry in India began operations within the framework of the national industrial policy as espoused by the Industrial Policy Resolution of 1956.
This resolution divided the entire industrial sector into three groups, of which one contained industries whose development was the exclusive responsibility of the State, another included those industries in which both the State and the private sector could participate and the last set of industries that could be developed exclusively under private initiative within the guidelines and objectives laid out by the Five Year Plans.
Private investment was channelized and regulated through the extensive use of licensing giving the State comprehensive control over the direction and pattern of investment.
TWO WHEELER INDUSTRY
It has been more than 50 years now that bikes have been rating Indian automobile section. In 1955 the Indian govt needed the study and reliable motorcycle for its Army and Police to Patrol the ragged border high ways. The first batch of 350cc bullet, the super bikes in India of all times from the Royal Enfield co, of the UK where received and assembled at Chennai. Since then bike in India have been flourishing as a two wheeler segment and Indian bikes gaining in popularity all across the world Talking of Bikes and CC. Bikes having four strokes –engines are thought to be more fuel efficient motor bikes they are the main reason for the growth of motor bike segment in India.
The two-wheeler industry in India has been in existence since 1955. It consists of three segments o Scooters o Motorcycles o Mopeds
The increase in sales volume of this industry is proof of its high growth. In 1971, sales were around 0.1 million units per annum. But by 1998, this figure had risen to 3 million units per annum. Similarly, capacities of production have also increased from about 0.2 million units of annual capacity in the seventies to more than 4 million units in the late nineties.The two-wheeler industry in India began operations within the framework of the national industrial policy as espoused by the Industrial Policy Resolution of 1956.
This resolution divided the entire industrial sector into three groups, of which one contained industries whose development was the exclusive responsibility of the State, another included those industries in which both the State and the private sector could participate and the last set of industries that could be developed exclusively under private initiative within the guidelines and objectives laid out by the Five Year Plans.
Private investment was channelized and regulated through the extensive use of licensing giving the State comprehensive control over the direction and pattern of investment.