India is World’s largest Auto Industry
The Indian auto industry is one of the largest in the world. 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 Two Wheeler (2W) and Four Wheeler (4W) market in the world by 2020. India is the second largest two-wheeler manufacturer, the largest motorcycle manufacturer and the fifth largest commercial vehicle manufacturer in the world. India’s automotive industry is one of the most competitive in the world. It does not cover 100% of technology or components required to make a car but it is giving a good 97 %, as highlighted. The Presence of four large auto manufacturing hubs across the country: Delhi-Gurgaon-Faridabad in the north, Mumbai-Pune-Nashik-Aurangabad in the west, Chennai- Bengaluru-Hosur in the south and Jamshedpur-Kolkata in the east. Global car majors have been ramping up investments in India to cater to growing domestic demand. These manufacturers plan to leverage India’s competitive advantage to set up export-oriented production hubs. Electric cars are likely to be a sizeable market segment in the coming decade. The Indian Automotive industry to be one of the prime movers of Manufacturing sector and “Make in India” initiativeThe Indian Automotive industry to be one of the prime movers of Manufacturing sector and “Make in India” initiative.
Disclaimer: This information has been collected through secondary research and Crescendo Worldwide is not responsible for any errors in the same.