The automotive sector of India is one of the top-grossing sectors in the world. The position of the automotive sector of India in the world is in 4th place.
This is not where the automotive journey of India is estimated to be as by 2026 it is predicted that the automotive industry of India will be the third-largest automotive market in terms of volume.
The foreign direct investment in the automotive sector is at 100%. This industry manufactures a total of 26 mn vehicles in India and India’s position in the extremely strong in the international heavy vehicles sector. India holds the position of being the largest tractor manufacturer in the world.
ABOUT THE COMPANY
The company came to FDI India with a vision to start their new set up in Punjab. The aim of the project was to establish an automotive facility for a big brand.
The company was very clear in the beginning itself about the idea about the automotive facility to be started in Punjab. The company was having a lack of funds in order to go ahead with their project and that was their main aim of coming to FDI India for consultation regarding the same.
They wanted proper consultation for the foreign investment for the automotive facility project. With proper research, the team of FDI India provided the plan for foreign investment and its entry routes. After the successful connection of the company with the desired foreign investor, the project commenced in Punjab.