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The Indian automobile industry is surely on a roll and the growth is not only benefiting the global automobile giants but also the domestic components makers.

In fact, the home-grown wheel rim major Steel Strips Wheels Ltd (SSWL) has recently announced that the company will be opening a Rs. 140 crore worth plant in Jamshedpur which will focus on fulfilling the rising demand of the automakers in the Indian market.

While the plant was inaugurated by Tata Steel Managing Director Hemant M Nerurkar at Govindpur locality in Jamshedpur, the new plant of the company is very close to the plant of Tata Motors.

After the Yen’s strength penetrated the lows of last December & January, we were left with no notable support protecting the 15-year low which was reached last November at 84.81!

While China has been leading at the pole position when it comes to the growth in the automobile industry for the past many months now but the Indian market has recently zoomed passed ahead of the dragon turf in the CV segment.

There is no denying to the fact that China passed ahead of the US market to become the world's biggest automobile market, toppled Germany as the biggest exporter of manufactured goods and is very much on the track to become the world's second-largest economy by nudging out Japan but the CV segment in India is perhaps giving a tough competition to the Chinese economy.

Although the Euro broke the support specified in yesterday’s reports 1.2889, but it did not reach or even come close to the suggested target 1.2820, as if it was still not ready to drift away from 1.30 yet. On Friday, the Euro topped at

After the government has announced its decision to deregulate the fuel prices in the country, several auto majors in the country have now started to move towards alternate fuels to generate the future growth.

In fact, many of the leading automobile players in the country are chalking out plans to strap more of their models with CNG and LPG variants.

Besides the fact that the LPG & CNG variants are very low on the running cost of the products, the fact that it will become all the more lucrative once the diesel prices will depend of the free market movement.

India's leading player in the passenger car market, Maruti Suzuki will be aiming to match the last year's export level in this fiscal. R. C. Bhargava, Chairman, Maruti Suzuki recently said that as the company is not competing in exports (with other carmakers), it will be aiming to match the last year's export figures in this is fiscal.

Moreover, as the company is also operating in a situation where the production level is not being able to meet the demand in the domestic market, the company is trying to produce as much as possible to keep the waiting period low for its products.