Describe any three environmental changes that you expect to have major impact on the following industries: (ii) Automobile Industry

All the environmental forces impact industries in varying degree. Over a period of time, these may change and oscillate between dominant factors and insignificant factors. Automobile Industry: Macro environmental factors such as Technological, Economic, Demographic, Social, Legal and political factors Government policies and subsidies New research and development Anti-pollution pressures like, use of eco-friendly cars. Use of alternative fuels Population growth & age mix Rural urban ratio Changes in family structure Changes in income levels Changes in Import & Excise Duties Foreign Direct Investment Financing facilities at low interest rates