Automobile

India has a huge automobile industry. The country ranks 4th in Asia and 9th in the world as the world's largest automobile Industry. India has an annual production of approximately about 2.3 million units. Presently, India is the world's largest manufacturer of tractors, second-largest manufacturer of two-wheelers, and fifth-largest manufacturer of commercial vehicles. The automobile industry in India gained momentum after the...
Automakers in India are planning an estimated at £30 billion investment to be spread over the next four years. Daimler, Maruti Suzuki and Mahindra will lead this massive investment in a bid to satisfy the ever growing demand in India, the fastest, second growing economy globally after China. Global automakers experiencing a lull in their growth in existing markets are planning to invest in burgeoning economies, such as India’s, with...

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