What does an automotive consultant do?

Automotive consultants, or automotive sales consultants, are employed by auto dealerships to sell cars to their customers. These consultants are responsible for many aspects of the vehicle sales process which includes arranging for test drives and matching customers with the right vehicles.

What are the major barriers to entry in the automobile industry?

The existence of economies of scale is perhaps the most significant entry barrier in the auto industry. Also customers have existing brand preferences. For such a high-value purchase, the brand often becomes the decisive factor. There are heavy sunk costs associated with exits.

How many consulting firms are there in India?

According to an estimate, there are now over 10,000 big and small consulting firms in India, 6,000 of them in the four metros of Delhi, Mumbai, Chennai, and Kolkata. According to the Associated Chambers of Commerce and Industry, the Indian consulting industry is expected to record revenues of Rs. 27,000 crore by 2020.

What is a business consultancy firm?

A consultancy firm represents a business comprising of one or more consultants that efficiently provide skilled advisory services. These services are aimed at supporting and advising a company to achieve their key objectives and maximize their performance capabilities through data-driven analysis.

What services do consulting firms offer?

Consultants offer a wide range of services, including the following:

• Providing expertise in a specific market.
• Identifying problems.
• Supplementing existing staff.
• Initiating change.
• Providing objectivity.
• Teaching and training employees.
• Doing the “dirty work,” like eliminating staff.
• Reviving an organization.

What is the scope of Management Consulting in India?

Management consultancy incorporates aspects of finance, human resources, marketing and other relative areas. The scope of management consulting in India is huge. There are so many firms in the market which leads to a lot of competition as well. You need to be zealous and passionate in what you do and you’ll be good to go.

How has the Indian consulting industry changed over the years?

Over the Years, the Indian consulting industry has seen a substantial growth, not only in terms of size, but also in terms of the service offerings.

What are the major challenges Indian consultants usually face in India?

Keeping in mind the differences of the domestic market in India with respect to the Global market, the major challenges Indian Consultants usually face in India are: Competition and differentiation: The biggest challenge for the Indian consulting firms is to compete with the global players in the market.

How many consultancy firms are there in India?

As of now, there are about 6000 consultancy firms in metropolitan cities including Delhi (25.7 percent) followed by, Mumbai (25.5 percent), Chennai (12.1 percent) and Kolkata (9.1 percent). Moreover, service sector contributes more than 50 percent to nation’s GDP.