India became the fourth largest auto market in 2018 with sales increasing 8.3 per cent year-on-year to 3.99 million units.. If you are looking for investment in the automobile industry in India, know that the sector is the largest tractor manufacturer, second-largest bus manufacturer and third largest heavy trucks manufacturer in the world.
The industry saw a 25.5 per cent jump in FDI from 2018 to 2019.
With FDI policy for automobile sector allowing 100% FDI under the automatic route, FDI equity inflows in Automobile industry amounted to $17.9 bn FDI between April 2000 and September 2017; contributing towards 5% of the total FDI inflows. FDI in automobile industry will bring with it technological progress, which will directly lead to economic development. Foreign direct investment in Indian automobile industry will stimulate industrialization, leading to more job opportunities.
Share in India's GDP
Share in global R&D
Share in India's exports
World’s largest tractor manufacturer and 2nd largest bus manufacturer
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