The Automobile Industry was initially a monopoly with Ambassador as the only brand, then it became a Duopoly with Ambassador - Economics - Non-Competitive Markets

Question

The Automobile Industry was initially a monopoly with Ambassador as
the only brand, then it became a Duopoly with Ambassador and Fiat
as the only brands, and post 1991 it became an oligopoly with
multiple brands and flow of FDI
Explain all these phases of Automobile Industry along with
timelines and in detail
(Like phase of Automobile Industry from 1947-1991 and then phase of
1991-present)

P. Sujatha · Accepted Answer

Dear 
Vibhav,
You are working on the right track The automobile industry was
initially a monopoly with 
Hindustan Motors Ambassador as the only brand, then it
became a 
Duopoly with Ambassador and Fiat as the only brands, and
post 1991 it became an oligopoly with multiple brands and flow of

FDI The phases of automobile can be divided as follows:
1947 onwards- 
Hindustan Motors enjoyed monopoly
Mid 
1970s- Fiat entered and turned the market in 
duopoly

90s onwards- Various firms entered the automobile industry
such as â€‹Tata Motors, Maruti Suzuki and
Mahindra and Mahindra help regarding the same, we are always there
to help you

Regards