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The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. It is one of the world's largest industries by revenue (from 16% such as in France up to 40% to countries like Slovakia).
The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. [1] [2] [3] As of 2023, India is the 3rd largest automobile market in the world in terms of sales. [4]
The Indian automobile industry has historically been a good indicator of how well the economy is doing, as the automobile sector plays a key role in both macroeconomic expansion and technological advancement.
Jun 5, 2024 · Automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel. The industry’s principal products are passenger automobiles and light trucks.
May 16, 2024 · Automotive industry worldwide - statistics & facts. Worldwide. Is the global automotive industry experiencing an economic downturn? High inflation rates and raw material price increases...
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 leading...
Jul 16, 2021 · The automotive industry pumped the brakes hard in the early months of the global COVID-19 pandemic. The effects began in China, where sales plunged 71 percent in February 2020; by April, sales had dropped 47 percent in the United States and dived 80 percent in Europe.
