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The automotive industry in emerging economies : A comparison of Korea, Brazil, China and India

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  • The automotive industry in emerging economies
  • Mukherjee, Avinandan; Sastry, Trilochan
  • EPW


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Title The automotive industry in emerging economies
Similar Titles
Sub Title

A comparison of Korea, Brazil, China and India

Material Type Articles
Author(English)

Mukherjee, Avinandan; Sastry, Trilochan

Publisher

[Mumbai]:EPW

Date 1996-03
Journal Title; Vol./Issue Economic and Political Weekly:vol. 31(no. 48)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < IT
Holding MIT

Abstract

The automotive industry in Korea, Brazil, China and India is currently going through impressive growth. Governments have played a key role in the evolution of the industry in all these countries. The Korean industry has made the most significant progress, and is now exporting cars to developed markets. It is the only country that invested in R&D for product development, retained management control in joint ventures with multinational companies (MNCs), and had ambitious export targets. The industry in Brazil is controlled entirely by MNCs. Although this has led to growth and adoption of lean production, indigenous product development is lacking. Tariff barriers have come down, forcing domestic production to become more market responsive. Fluctuating tariffs and taxes, and cyclical demand have characterized the industry. Indian industry is experiencing a revolution with rapid growth and the entry of 9 MNCs and plans for 3 more to enter in the next two years. (The rest omitted)