Year: 2024
Type: article
Abstract: The automobile industry in India is world's fourth largest, with the country currently being the world's 4th largest manufacturer of cars and 7th largest manufacturer of commercial vehicles in 2021.Indian automotive industry (including component manufacturing) is expected to reach Rs 16.16-18.18trillion (US$ 251.4-282.8 billion) by 2026.Two-wheelers dominate the industry and made up 81 per cent share in the domestic automobile sales in FY19.Overall, Domestic automobiles sales increased at 6.71 per cent CAGR between FY13-18 with 26.27 million vehicles being sold in FY19.Indian automobile industry has received Foreign Direct Investment (FDI) worth US$ 20.85 billion between April 2000 and December 2021.
Author: Dr. K. Sivaraman Kuppusamy
Institution: PSG College of Arts & Science
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W4405876201