The Automotive Industry from present to future
The word "Automotive" simply means any form of self powered vehicle. The Automotive industry includes industries associated with the production , wholesaling, retailing and maintenance of such vehicles. This industry which started around 1860s had its production mostly dominated by U.S till late 1980s when eastern world countries like Japan and China overtook U.S in productions of automotive vehicles. >Although steam powered vehicles were produced earlier, the origins of the automotive industry are rooted in the development of the gasoline powered in the 1860s and ’70s. According to latest OICA report , the top four vehicle producing countries are China, U.S, Japan and India, whereas the top 4 manufactures are Toyota, Volkswagen, hyundai and General Motors. The industry which started with passenger cars was later expanded to commercial vehicles that could boost production of other utilities such as JCB , Hydra etc. Although it is the largest industry by revenue and also on...