The Automobile Industry In India: Areas of Future Indian Influence In the Global Market |
The domestic market haswitnessed significant growth in all the three key segments of the sector ,namely On the back of growing middle class, standard of living and Passenger ,Commercial, and Two wheelers. On theback of growing middle class, standard of living and Passenger , Commercial,and Two wheelers. Two improving infrastructure, the overalldomestic automotive wheelers dominate the market with sales of 1 .7 millionmarket is estimated to grow. As themarket grows, Passenger vehicles have grown at a CAGR of 14.6 foresee a numberof opportunities emerging for auto Original percent in the last six years to2.5 million units in FY1 1 .