Turnover Ratio, Inflation and Index of Industrial Production are introduced as Independent variables. All the five sectors namely LCV,
Motor Cycle, Passenger Car, Scooters and Tractors are collectively named Automobile Industry. Out of nine
independent variables Leverage, Size, Age, Expenses to Income Ratio, Growth in Sales and Asset Turnover Ratio are found to be significant atone percent level. The results of the study coincide with the study results of Krishnaveni (1991), Smith Beaumont and Begemann (1997), Vishnu Kantapurohit (1998) and Samiloglu F. and Demirgunes (2008). Table 1: Variables associated with Profitability Automobile Industry
- Correlation Analysis Share with your friends: 
