Abstract
The ability of the Indian economy to accommodate numerous automobile manufacturers rested partly on demand growth. It was also supported by a fundamental restructuring of the industry as a whole, spearheaded by jointventures such as MUL and other collaborations between Indian and multinational firms. To meet growing demand not only did auto firms increase production of vehicles, but in order to successfully compete and quickly capture emerging markets firms had to cultivate a viable auto components supplier industry. This is the second layer of supply-driven market development. Increasing backward integration was made possible by new institutional arrangements at the macro (national) and micro (industrial and firm) levels. These are institutional responses to a changing national environment of market growth induced by embourgeoisment and the challenges of securing that market.
Keywords
- Computer Numerically Control
- Industrial Relation
- Capitalist Regulation
- Commercial Vehicle
- Flexible Production
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2005 Anthony P. D’Costa
About this chapter
Cite this chapter
D’Costa, A.P. (2005). Capitalist Regulation, Flexible Production, and Auto Market Evolution. In: The Long March to Capitalism. Palgrave Macmillan, London. https://doi.org/10.1057/9780230502031_5
Download citation
DOI: https://doi.org/10.1057/9780230502031_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51867-8
Online ISBN: 978-0-230-50203-1
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)