The Automobile companies must improve their process and should be efficient in order to implement their strategies quicker than competitors in times of economic downturns.

The National level Automotive Institute for training on automobile at International Training Institutes (ITIs) and Automotive Training Institute (ATIs) have to be set up.

The Government of India should promote manufacturing and encourage exports of small cars, multi-utility vehicles, two and three wheelers, tractors and components which infuse necessary foreign currencies to India. Specific measures should be taken for expansion of domestic market.

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Government should hike its spending to create more jobs and boost the manufacturing sectors in the country.

The Automobile companies should use their core competencies to overcome turbulent economic times.

The Strategic alliance or acquisitions of Automobile companies encourage the morale of those lost markets and help them to experience a new life in a given bridge of time through collective efforts. The reason for acquiring the businesses is seen as a dependable strategy by the companies in a period of economic downturn.

Advertising is an important factor for the Automobile companies to overcome economic downturns as it helps the affected companies to showcase their products in the market.

The Automobile companies have to come out with new innovative products to attain advantage over their competition in the market. They must do it on priority and development of the most promising products should meet the immediate needs of their customers.

The Automobile companies have to re-evaluate the marketing plan and business strategies as and when needed.

Aviation Industry

Strategic alliances need to be encouraged by the government of India. The leading few aviation industries like Jet Airways and Kingfisher airlines which together contribute sixty percent of the Indian economic market have entered into a strategic alliance for sharing information regarding the travel maps of other countries and Indian states, ground staff, to help in planning and execution of flight programs . The strategic alliance helps the Aviation Industries to reduce costs incurred during operations, to share logistics, fuel, code, and can combine training for staff on those types of aircrafts that are common.

Aviation industries must not reduce on marketing and advertising of their Industries during periods of economic slowdown as it may become detrimental to their business. The industries have to emphasis on advertising during economic downturn as it provides an opportunity to find good number of clients who may require the services of the industries to fulfill their projects or assignments on time.

The Aviation companies have to frame contingency strategies in adverse times well in advance before it occurs. This helps the companies to survive turbulent times.