The automobile industry is one of prime industry in India and now it is one of the fastest growing industries in the world in terms of vehicle manufacturing. It is sixth largest manufacturing in passenger car and commercial vehicles. After the implementation of liberalization policy during 1991 and 100 percentages for allowing to entry of foreign investors in this sector will boost the production as well as exports. The high potential of the domestic market driven by an emerging middle class, cost competitiveness and an enormous group of talent continue to make India one of the most preferred intentions to invest in India. By 2020, the overall passenger vehicle market is expected to grow to 9 million units from 3.2 million units at present. By 2020, India is also forecast to become the world's third-largest auto market.
Indian Member 40.00
Others Member 3.00