India is a prominent auto exporter and has strong export growth expectations for the near future. In addition, several initiatives by the Government of India and major automobile players in the Indian market are expected to make India one of the leaders in the two-wheeler and four-wheeler market in the world by 2022.
The industry also provides great opportunities for investment and direct and indirect employment to skilled and unskilled labor. The large number of people the industry employs has made it a key determinant of economic growth.
Read the analysis to know more about the industry.
Credits:- Arzoo Raj and Saksham Singh
VittArth | Konsult | VittNivesh 