SOURCE: Industrial Info Resources

Industrial Info Resources

December 15, 2010 05:00 ET

India's Growing Automobile Industry Drives Steel Growth, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - December 15, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- India's sound engineering base and its proficiency in manufacturing cheaper and more fuel-efficient cars has caused the country's auto industry to attract global automobile companies such as Nissan Motor Company Limited (PINK:NSANY) (Yokohama, Japan), Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan), Volkswagen AG (PINK:VLKAY) (Wolfsburg, Germany) and Ford Motor Company (NYSE:F) (Dearborn, Michigan). With manufacturing facilities spread across the country, these companies are now gearing up to export vehicles manufactured in India to other nations.

This upswing in the automobile sector has led to the flourishing of ancillary industries. For example, there has been huge growth in steel production in India, which ranks as the fifth-largest steel producer in the world.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=170684, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Follow us on: Facebook - Twitter - LinkedIn - Vimeo