It was in 1954, when Hindustan Antibiotics first set up its manufacturing facility in Pimpri-Chinchwad and since then, the industrial hub has evolved into one of the biggest automotive hubs in the country. Home to auto original equipment manufacturers (OEMs) such as Tata Motors, Force Motors, Bajaj Auto, Mercedes-Benz and Volkswagen, the cluster seems to have gotten back on track. During our previous visit in 2014, the automotive hub was battling sluggish demand and rising inventory, in the middle of a painful slowdown. At that time, manufacturers that were highly dependent on exports, fared well. With the domestic auto industry in a much better shape now, as compared to 2014, around 85% of the respondents in our survey said revenue growth in FY18 was stable to positive.
State of the Economy 2018
Cutting it fine
Pimpri-Chinchwad continues to battle rising commodity prices and labour cost but remains cautiously optimistic
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