The Indian automobile industry is one of the fastest-growing industries under the ambit of the Indian economy.
According to Society of Indian Automobile Manufacturer (SIAM 2015), India is the seventh-largest producer in the world with an average annual production of 17.5 million vehicles. The country is also the fourth largest automotive market by volume. Automobile sector contributes 7% of the country’s GDP by volume.
The industry is growing and evolving at a brisk pace. As per industry estimates, the sector is expected to sell 6 million-plus vehicles by 2020.
-
7th largest automobile producer in the world
-
Production of 17.5 million vehicles annually
-
4th largest automotive market by volume
-
89 per cent growth rate in exports
-
New automotive mission plan-2 (2016-26)
-
Make in India Campaign – focusing on building India ‘A Manufacturing Hub’
Apply Now