There are many developed countries in the world and their infrastructure is perfectly built. It may be about roads, public areas, bridges, flyovers, airports, railway stations, bus stations and residential areas. While US, UK and Europe are considered to be the most well developed countries where people use cars for their daily travel.
Due to this fact, automotive industry has experienced a wonderful growth as global industry and it is in fact customers and businesses in many ways.
Highest Production
China stands at the top of the list in this industry as it is considered to be the most busiest nation in the world. Not only its GDP growth but it has been identified as a country whose manufacturing capacity has grown by many levels. Therefore keeping this in view it can be stated here that people in China use number of cars for their daily use. It is also a fact that population in China is heavy and the employment level is very high.
Therefore china produces highest number of automotives standing at 13,790,904. The second country is Japan with 7,934,516. The third place belongs to US with 5,711,823.
After the third place, further production is from Germany, South Korea, Brazil, India, Spain, France, Mexico, Canada, UK, Czech Rep., Thailand, Poland, Turkey, Italy, Iran, Russia and Belgium.
Scope for under-developed countries
Countries which are still in the status of development require the transfer of technology. This means, countries which cannot afford to set up manufacturing units, can request the companies to export their vehicles to other countries. Export business being a profitable dealing, companies which are high in their production, can always export their automotives to other countries.
This will benefits the companies in many ways. Firstly the identification of their brand and reputation. Further it enhances and improves the life style of other country people. There is a global recognition for the company.
The choice of each customer in selection of cars is different and it also differs from each country. Further there are some cars which suit the system of roads while all cars may not be suitable for rough roads.
Scope for better design and low cost automotives
Companies which are successful can always develop a low cost vehicle for the benefit of low income group customers. This is because, expensive cars cannot be purchased by all the customers. But a low cost car can be afforded. Keeping this fact in view, there is a scope for companies to not only develop latest technology cars but also for cars middle and low income group of people. This is will enable access to large customer base and will expand the market.
Access to Auto Loans
It is also appreciable that many automotive companies have their own loan arrangements for the facility of customers. Customers can always have access to a car loan and can own a car. This is also a great benefit while the customer enjoys a great benefit from the company.
