This book is one of the first critical analyses of the automobile industry in India. It studies the sector in general and the passenger car industry in particular, and provides valuable insights into the operation of Foreign Direct Investment (FDI) companies in a technology-intensive industry under changing economic regimes. The volume underlines the influence of the changing nature of foreign investment, the impact of economic reforms, technology regimes and industrial policy on growth, structural changes and development. It offers a detailed account of the trade performance of manufacturers in India’s passenger car industry. It also looks at successful cases to draw policy lessons towards encouraging quality FDI and developing India as a base for world production.
A useful addition to industry studies in India, this book with its wide coverage and contemporary analyses will interest scholars and researchers of economics, Indian economy and industrial policy, industrial economics, automobile industry and manufacturing sector, development economics and international economics. It will also appeal to policymakers, practitioners and industrial associations.
Table of Contents
List of Tables and Figure. List of Abbreviations. Preface and Acknowledgements. 1. Introduction 2. Exploring the Basics: Development of Passenger Car Industry in the Changing Regulatory Framework 3. Restructuring of Passenger Car Industry 4. Technological Development of Passenger Car Industry (1981–2000) 5. Technological Development of Passenger Car Industry Since 2000 6. Foreign Presence and Balance of Payments (1981–2000) 7. Contribution of Foreign Firms to Balance of Payments Since 2000: Net Importers or Exporters? 8. MUL and Hyundai: Two Special Cases 9. Conclusion and Policy Implications. Annexure. Bibliography. Index
Jatinder Singh is Assistant Professor at the Centre for Research in Rural and Industrial Development (CRRID), Chandigarh, India. He obtained his PhD from Jawaharlal Nehru University, New Delhi and M.Phil. from the Centre for Development Studies, Thiruvananthapuram, Kerala. His research areas include foreign direct investment, technology development and industrialisation in India. He has published nine research papers in refereed national and international journals and five chapters in edited volumes apart from presenting papers at various conferences. Presently, he is coordinating two research studies funded by the Indian Council of Social Science Research, including one on industrial development in Punjab. He has worked in different capacities with various organisations including Centre for Development Studies, Thiruvananthapuram; Centre for WTO Studies, New Delhi; University of Delhi; and National University of Education Planning and Administration, New Delhi.
‘The major merit of the book is that it analyses both pre- and post-reform periods and questions the view that the passenger car industry in India is an example of success of liberalization.’
Sudip Chaudhuri, Professor, Indian Institute of Management Calcutta, Kolkata, India
‘Jatinder Singh’s book is an important study on one dimension of the changing face of Indian capitalism. A follow-up study on the grave environmental implications of increasing supply of and demand for cars should be the logical outcome.’
Pritam Singh, Professor of Economics, Oxford Brookes Business School, Oxford, UK
‘A seminal contribution on India’s passenger car industry in a context wherein industry-specific studies are the need of the hour to deepen our understanding on what ails India’s manufacturing sector.’
K. J. Joseph, Professor and Ministry of Commerce Chair, Centre for Development Studies, Thiruvananthapuram, Kerala, India