The idea of automobiles goes way back to the 1770s when the Cugnot steam traction engine was built. In the early 19th century, more practicable carriages such as the Bordino were made available. But they were cumbersome due to their weight.
It was not until 1860 that the first practical power unit for road vehicles was developed, with the invention of the
internal combustion engine by the Belgian Etienne Lenoir.
By 1890, Karl Benz and Gottlieb Dammlier in Germany, and Albert de Dion and Armand Peugeot in France were building cars for public sale.
These early cars were primitive, expensive, and quite limited but they publicized the age of motor cars.
Karl Benz made the first car back in 1885 and patented it. The name “Mercedes” started preceding it in 1901. It had just three wheels and a 0.75hp 954cc single-cylinder engine. In 1893, Benz built his first four-wheeler, the Viktoria, powered by a 3hp 1745cc engine. The engine was started by manually spinning the large flywheel.
A century later, Henry Ford found a way to cut the production time of a car, making it cheaper. As a result, by 1920, half the cars in the world were manufactured by Ford. In 1930, the creation of the Volkswagen Beetle marked the foundation of “people’s car” as we know them today.
Today, the automobile industry generates a revenue of US$ 251.4-282.8 billion in India alone. The global automotive motors market size is projected to grow from USD 20,321 million in 2020 to USD 25,719 million by 2025, at a CAGR of 4.8%. This explains why the automobile industry is also responsible for hiring for giving a high number of employments!