Global auto Vs markets India

Summary

• India is one of the world’s most dynamic automotive markets with the increasing demand for cars
• Theutomotive mission plan estimates the size of the Indian automotive industry in 2016 between Rs 4.8 trillion and Rs 6.2 trillion.
• Indian auto industry has proven to be a strong driver of growth for both manufacturing and service sectors that include the auto component & ancillary, fuel retailing, road building & transportation, IT services and engineering design industries.
• India’s economy is also expected to remain one of the worlds strongest that will increase purchasing power of Indian consumers, which will help the automotive sector experience significant and sustained growth in the future.

Thoughts

Growth of automotive cluster in India lead to growths in after market parts, service, filtering services as well as integration of IT in the industry will help achieve further efficiency. This sector of the economy is great for investment

~ by noorgias on April 9, 2008.