Abstract
The automobile industry includes bikes, cars and other motor vehicles. The purpose of this paper is to know the current position of the industry across the globe and in India. The reasons for the downfall of the industry has been analysed through industrial experts of the car manufacturing companies. The impact of the downfall in the industry has been speculated. This is extremely useful for experts to know the different rates in premium and budget segment in the automobile industry. The transition phases have provided some chronological explanation across the globe, so it is important to know about the effect of the phases.
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