INDIAN AUTOMOBILE INDUSTRY - IBEF - AUTO PARTS - BY OWNER IN INDIA

Over the past few decades, the automobile industry in India has maintained a high growth rate, contributing significantly to the GDP. In FY22, the annual production of automobiles reached 22.65 million units, while 13 million vehicles were produced between April-October 2021. The two-wheeler component conquers the market in terms of volume due to a growing middle class. The focus is on exploring rural markets with more initiatives in the Automobile Industry profile than ever before. India Brand Equity Foundation provides you all the information about the Automobile Industry. Visit https://www.ibef.org/industry/india-automobiles