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The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.
Indian automotive industry is targeting to increase the export of vehicles by five times during 2016-26. In FY23, total automobile exports from India stood at 47,61,487. Indian automobile exports of two-wheelers stood at 36,52,122 in FY23.
Mar 25, 2024 · The automotive industry in India has come a long way from the 1950s when the annual production of vehicles was limited to 40 thousand. Early stages of production were confined to the three...
The India automotive market demand was pegged at 3,641,233 units in 2022 and is expected to grow at a CAGR of 9.7% from 2023 to 2030.
The Indian automobile industry is segmented by vehicle types (two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers), by fuel type (diesel, petrol/gasoline, electric, CNG/LPG, and others), and by region (North India, East India, West India, and South India).
Jul 18, 2018 · The automobile industry in India is on the move, and the country could grow into the world’s third-largest passenger-vehicle market. Here's what traditional automotive players need to know about the future of mobility in India.
India is the world’s third-largest Automobile market. The Automobile industry produced a total 28.43 Mn vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycles in Apr 2023 to Mar 2024.
