Automobile Industry
India's auto industry has come a long way since its early days in the 1940s, truly accelerating after economic liberalization in 1991. Now, it's the 4th largest producer globally. This vital sector contributes 7.1% to India's GDP and 49% to manufacturing GVA, employing 30 million people.
Recent Developments
- The Indian automobile industry is the 4th largest in the world by production and the 3rd largest automobile market in the world in terms of sales.
- The sector contributes approximately 7.1% to India's national GDP and an impressive 49% to the manufacturing GVA.
- It provides employment to approximately 30 million people, ....
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