Contribution Of Indian Automotive Industry And Its Projections
Posted by in Automotive Industry on January 13, 2012
Since the last few years, Indian automobile industry has grown at a tremendous pace, and currently the Indian automotive components industry is being projected to cross over US $ 110 billion (INR 5 lakh crore) worth business by the year 2020. This figure has been zeroed in after assessing the demands of vehicles, as it is in tandem with the country’s growth of vehicle production. According to the report by the Automotive Component Manufacturers’ Association (ACMA), out of all this, the domestic turnover is likely to grow up to US $ 80 billion (INR 4 lakh crore) and the exports would make up to another US $ 29 billion (INR 1.4 lakh crore).
According to that report, in the fiscal year 2010 – 2011, the turnover of auto components companies India will go beyond USD 26 billion, which is an 18 per cent rise from the previous fiscal year’s turnover, which was just USD 22 billion. Moreover, according to the ACMA-EY (Ernst & Young) Vision 2020 study, most probably, by the year 2020 India is going to witness massive growth in the vehicle production.
As far as Europe is concerned, it is likely to comprise a huge 36.9 per cent of India’s automotive parts export in 2010-11, which is then followed by the Asia and North America with 28.1 and 24 percent respectively. Apart from this, the automobile industry has witnessed major changes in the automobile purchasing strategy India over the few years. According to the recent study, in the financial year 2010 – 2011 India is expected to make USD 12 billion investments in the Indian automotive components industry. And, this might result in making the auto component industry, an engine for India’s massive growth in the economic as well as manufacturing segment.
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ost Luxurious Car in the World
Posted by in Luxury Cars on January 12, 2012
If money is not a hassle for you then you must be a classy guy/girl. The lifestyle of the rich and famous is something that everyone dreams to have but only few can afford to have it. Rich people have the best of everything – mansions, gold, jewelry, exotic vacation destinations to travel, and the most luxurious ways of transportation. If you are a millionaire you probably would be using the best means of transportation, which could be a private jet, business class tickets, or the most luxurious car in the world.
If you want to arrive in style wherever you go, then it’s about time that you knew about the most luxurious car in the world. It’s something that you’ve never seen. A pinnacle in its class, this luxury car has it all. The most luxurious car in the world is a joint venture between German and French engineers which makes it one of the best cars in the world. So let’s have a look at the most luxurious car ever.
World’s Most Luxurious Car
It’s not just a sports car that has borrowed its name from Pierre Veyron, the famous racing driver who won the 24 hours of Le Mans in 1939 while racing for the original Bugatti company. The Bugatti Veyron is the most expensive car in the world today. Priced at USD 1,700,000, the Veyron is enough to make jaws drop wherever it goes. So let’s see something about the technicalities of the most luxurious car in the world.
It has been designed and developed by the Volkswagen Group and is produced by the Bugatti Automobiles SAS. It’s loaded with W16 engine. The engine is fitted with 16 cylinders which are powered by 4 turbo chargers. It’s also equipped with a dual clutch DSG computer controlled manual transmission. The Bugatti Veyron is 4462 mm long, has a width of 1998 mm and has a height of 1206 mm. To make sure it’s powerful engine doesn’t overheat, the company has fitted the car with 10 radiators. The Bugatti also impresses you with its top-notch performance. It’s speed is enough to give any sports car a run for their money. The Bugatti Veyron has a top speed of 410.00 km/h which also makes it the fastest car in the world. This speed limit is electronically set to 410.00 km/h to prevent tire damage. I think it’s understood that this car gives an average of 4.82 mpg when it’s driving at its top speed. The car has been the show stopper at many car events and functions all across the world. It’s also been named the car of the decade by the world-famous automobile program Top Gear. It has also received excellent reviews and still is the front-runner with the title of the world’s most luxurious car.
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