Nanotechnological Innovations & Business Environment for Indian Automobile Sector : A Futuristic Approach

International Journal of Scientific Research and Modern Education (IJSRME), Vol. 1(1), p. 296-30, 2016
ISSN: 2455–5630, DOI/10.5281/zenodo.161090

12 Pages Posted: 3 Jun 2017

See all articles by P. S. Aithal

P. S. Aithal

Srinivas Institute of Management Studies

Shubhrajyotsna Aithal

Srinivas University

Date Written: August 30, 2016

Abstract

The Indian auto industry is one of the largest in the world with an annual production of 23.37 million vehicles in FY 2014-15, following a growth of 8.68 per cent over the last year. The automobile industry accounts for 7.1 per cent of the country's gross domestic product (GDP). Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. Several initiatives by the Government of India and the major automobile players in the Indian market are expected to make India a leader in the world by 2020. The industry produced a total of 23,366,246 vehicles including passenger vehicles, commercial vehicles, three wheelers and two wheelers in April-March 2015 as against 21,500,165 in April-March 2014, registering a growth of 8.68 percent over the same period last year. Indian automobile industry is trying to make a breakthrough in improving the efficiency, durability and cost of vehicles using nanotechnology solutions along with decreasing the pollution by using hydrogen fuel or electric engines. In this paper, we have discussed the effect of nanotechnology innovations on Indian automobile sector in order to solve the problems in automobile efficiency, durability, cost, and environmental pollution. The paper also contains the discussion on the impact of these innovations on economical, political and renewable energy sector of the country.

Keywords: Innovations in Indian Automobile Sector, Nanotechnology in Automobile Efficiency, Durability, Cost & Environmental Pollution

Suggested Citation

Aithal, P. S. and Aithal, Shubhrajyotsna, Nanotechnological Innovations & Business Environment for Indian Automobile Sector : A Futuristic Approach (August 30, 2016). International Journal of Scientific Research and Modern Education (IJSRME), Vol. 1(1), p. 296-30, 2016
ISSN: 2455–5630, DOI/10.5281/zenodo.161090. Available at SSRN: https://ssrn.com/abstract=2977445

P. S. Aithal

Srinivas Institute of Management Studies ( email )

Srinivas Campus
Pandeshwar
Mangalore, Mangalore 575001
India
9343348392 (Phone)

HOME PAGE: http://www.srinivasuniversity.ac.in

Shubhrajyotsna Aithal (Contact Author)

Srinivas University ( email )

Srinivas Campus, Mangaladevi Road
Pandeshwar
Mangalore, 575001
India

Register to save articles to
your library

Register

Paper statistics

Downloads
20
Abstract Views
146
PlumX Metrics