The Indian Auto Industry has come of age. With a population of over one billion and an Economic Growth at 7% per annum, India is the hub of business. The Automotive sector is one of the core industries of the Indian economy whose prospects is reflective of the economic resilience of the country. With 4% contribution to the GDP, and nearly 5% of the total industrial output, the automotive sector has become a significant contributor to the exchequer. Continuous economic liberalization over the years by the government of India has resulted in making India as one of the prime business destination for many global automotive players.
Indian Automobile Industry Today
Second largest two Wheelers manufacturers in the world
World largest Motorcycle manufacturer is in India
Second Largest tractor manufacturer in the world
Fifth largest commercial vehicle manufacturer in the world
Fourth largest Car market in Asia
Indian Auto Component Industry today
With the projected sustained growth in the vehicle industry, the domestic demand for the components is estimated to touch US$ 20 billion by 2015. a resent study reveals that in addition to this huge domestic potential, the Indian component industry can aspire to achieve at least US$ 20-25 billion worth of global outsourcing business, thus taking the industry to an overall size of US$ 40-45 billion by 2015. India is the number one automotive market for the 21st century.
Over the years Auto Expo has proved to be a very effective event for facilitating the coming together of Auto majors from around the world in a focused fashion, under one roof, for the benefit of automobile and component manufacturers.
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