The Indian automotive industry (including component manufacturing) is projected to get to US$ 251.4-282.8 billion by 2026. The 4th largest in the world, sales in the Indian auto industry increased 9.5 per cent year-on-year to 4.02 million units (excluding two wheelers) in 2017. Domestic automobile production saw an increase of 7.08 per cent CAGR between FY13-18 where 29.07 million vehicles were manufactured in the country in 2018. April-July 2018 witnessed a production increase of 16.69 per cent year-on-year to reach 10.88 million vehicle units…Read more
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