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.
World’s largest tractor manufacturer and 2nd largest bus manufacturer
World’s largest producer of BT Cotton
World’s 2nd highest number of USFDA approved plants
Currently valued at $75 bn, the automobile industry is estimated to touch the coveted $300 bn mark by 2026
With a $135 bn revenue industry expectation by 2020, the automobile segment can reach $300 bn by 2026 at a CAGR (Compound Annual Growth Rate) of 15%
India's rapidly growing 5 auto hubs have a significant potential to be used as a base for export to SEA and MENA regions
In FY19, year-on-year growth in domestic sales among all the categories was recorded in commercial vehicles at 17.55 per cent followed by 10.27 per cent year-on-year growth in the sales of three-wheelers.
Overall domestic automobiles sales increased at 6.71 per cent CAGR between FY13-19 with 26.27 million vehicles getting sold in FY19
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