1. Indian automobile industry is one of the biggest industries in the world.
2. India is one of the prominent exporters of the
automobile. The year 2017 had witnessed a growth of 16.26% increase in export.
3. It is to be noted that Indian production across all the line of automobile
products has increased by 5.41 % in the year 2017. Companies like JSW Energy,
TATA Motors, Tesla Inc., Kia Motors, BMW, Hero Motor Corp, Ford Motor Corp etc.
have planned an expansion in their Indian manufacturing product line.
4. Last year to more than 4 million units, outpacing Germany’s 3.8-million
vehicle sales, which rose by a modest 2.8% in the same period.
5. Global sales of passenger cars are forecast to hit 78.6 million vehicles in
2017 and will increase in coming future.
6. The Indian auto industry is one of the largest in the world. The industry
accounts for 7.1 per cent of the country's Gross Domestic Product (GDP).
7. Several initiatives by the Government of India and the major automobile
players in the Indian market are expected to make India a leader in the 2W and
Four Wheeler (4W) market in the world by 2020.
8. The Indian automotive aftermarket is estimated to grow at around 10-15 per
cent to reach US$ 16.5 billion by 2021 creating 65 million additional jobs
opportunities in near future.