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1 INTRODUCTION : India, the world's largest democracy, having a very large pool of scientific and engineering talent in the world has marched forward in critical areas of development - be it space or electronics. This pool of knowledge has enabled India to attain high levels of achievement in diverse high-tech areas. The country has an open the economy in the process of integrating with the world economy. Far-reaching economic reforms aimed at deregulation and attracting foreign investment have moved India firmly into the front ranks of the rapidly growing Asia-Pacific Region. In the automobile industry, the developing regions are the growth areas of tomorrow.