Abstract:
The Indian automobile industry is one of the driving forces of the economy, contributing about 49% to
the country’s manufacturing GDP (gross domestic product) and 7.5% to its overall GDP. The sector’s
value chain employs about 32 million people. In 2018, the Indian automobile market pepped Germany
to become the fourth-largest in the world. In the last decade, while the production of two-wheelers in
India has nearly trebled, the production of passenger vehicles and commercial vehicles in the country
has doubled.
