Project Report On Atul Auto Limited

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The Indian automobile industry is one of the well established in the developing world economy. Going back to 1942 Hindustan motors began their operations in India and started manufacturing the motorcars at that time Indian economy was just waking-up
and still India was not free from British. After freedom Indian economy was very protected by the government and because of being under developed economy India couldn’t get such advantages, after almost 40 years of independence, Indian economy was
opened to the world and license system came to an end. Reserved industry were put open to all. This all happen after 1991 reforms and by the start of new millennium this industry have start exporting the product and show the greatness of making things happen.

. After that the Indian automobile industry grew slowly. Up to 1960 there were only few players in industry were producing vehicles. Like passer cars, rickshaws, and motorcycles and commercial vehicles. At that time the market of auto-industry was
restricted. After three decades from 1960’s in 1991 the auto industry started growing at a higher rate the automobile industry grew at a compound annual growth rate (CAGR) of 22% between 1992 and 1997 with investment exceeding Rs. 50,000 Cr., the turnover of the automobile industry exceeded Rs. 59,518 Cr. In 2002-2003

Now It has been started happening that the progressive liberalization of the norms for foreign investment and import of technology appear to have benefited the automobile sector with production of total vehicles increasing from 4.2 million in 1998-1999 to 7.3
million in 2003-2004. it is likely that the production of such vehicle will exceed 10 million in the next couple years. In 2003-2004 the annual growth of auto industry was 16%. In 2004-2005, it was about 15%. In the year 2005-2006 it was 14%. With such a
higher growth rate of Indian automobile industry, presently India is becoming the larger three-wheeler market in the worlds, second largest two-wheeler in the world, fourth largest passer vehicle market in Asia, Fourth largest tractor market in the world, fifth
largest commercial market in the world

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