Vol. 5, Issue 5, Part C (2019)

Abstract
Automotive industry plays a very important role in the development of economy of a country as the development of many other sectors like iron, steel, rubber, glass, plastics etc. is linked with the growth and development of the automotive sector. After the introduction of liberalization measures in India in 1991, Indian Automotive Industry has been moving upwards on the growth track with large number of global auto manufactures setting up their manufacturing facilities in India, but still the industry has not developed fully. A well defined framework is required for the proper growth and development of automotive industry of India. A study on the financial aspect of corporate sector units is very valuable to the shareholders and investors to carry out investment analysis, further it helps the financial institutions, and lenders to understand the financial capability of the companies. Moreover, it also helps industry associations, Government to study the characteristics of the companies for conducting comparative analysis.