Automobile

Automobile

Introduction

The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country’s Gross Domestic Product (GDP). As of FY 2014-15, around 31 per cent of small cars sold globally are manufactured in India.Read More on Automobile Introduction

Why To Invest – Market Size

The auto industry produced a total 19.84 million vehicles in April-January 2016, including passenger vehicles, commercial vehicles, three wheelers and two wheelers, as against 19.64 million in April-January 2015.Read More on Why To Invest – Market Size

FDI Policy

100% Foreign Direct investment (FDI) is allowed under the automatic route in the auto sector, subject to all the applicable regulations and laws.Read More on FDI Policy

Government Initiative

The Government of India encourages foreign investment in the automobile sector and allows 100 per cent FDI under the automatic route.Read More on Government Initiative

Road Ahead

India’s automotive industry is one of the most competitive in the world. It does not cover 100 per cent of technology or components required to make a car but it is giving a good 97 per cent, as highlighted by Mr Vicent Cobee, Corporate Vice-President, Nissan Motor’s Datsun.Read More on Road Ahead

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