A Comparative Study of Value Added of Selected Indian Automobile Companies

Abstract

The purpose of this research paper is to evaluate the performance of five selected automobile companies by comparing their Value Added. The Value Added of the selected automobile companies from 2011-12 to 2020-21 is calculated based on the audited annual reports. The investigation aims to shed light on the relative competitiveness and performance of the selected companies in the Indian automotive sector by comparing key performance indicators like revenue, profitability, productivity, and efficiency. For investors, stakeholders, legislators, and industry analysts who are interested in learning more about the dynamics of the Indian auto industry, the study's conclusions can provide insightful information. The selected companies are ranked by comparing the average Gross Value Added and average Net Value Added during the study period. The difference between the Value Added of the selected companies is significant or not is tested by ANOVA. Apart from contrasting the Value Added metrics, the study will explore the variables impacting these businesses' performance, including market circumstances, technological developments, the legal framework, and tactical choices. Moreover, the research will investigate the consequences of these discoveries for diverse stakeholders, such as investors searching for prospects in the Indian automotive domain, policymakers attempting to devise policies that promote industry growth, and industry analysts keeping an eye on patterns and advancements.