India's Automobile industry - India is the world's 4th largest vehicle market

India's Automobile industry 

     India is the world's 4th largest vehicle market

• Automobile industry in india is growing soo fast.

• At now india is 4th largest vechicle producing country.

• India is expected to be the world's third-largest automotive market in terms of volume by 2026.

it include Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycles in April-March 2020.

Current annual production of vechicle in india has been 30.91 mn vehicles in 2019 as against 29.08 mn in 2018,found a healthy growth of 6.26%

India is expected to emerge as the world’s third-largest passenger vehicle market by 2021. 2018-19, sale of passenger vehicles has increased by 2.70%, two-wheeler by 4.86% and three-wheeler by 10.27% as compared to FY 2017-18.

In April-March 2019, overall automobile exports grew by 14.50%. The overall Commercial Vehicles segment registered a growth of 17.55% in April- March 2019.

Now , it was appeared as by the step of indian goverment Electronic vechicle market is growing so fast all vechicle manufacturing companies appeared to showcase the EV in 2021. and also it was heared that largest ev gaint may start its production in india .

already tesla comp. registered itself in south india.

Now, Let discuss the FDI (foreign direct investment)

• Mar 12, 2021

  US-based Triton Electric Vehicle LLC has registered a subsidiary in India as part of setting up a business in the country.

• Mar 11, 2021

  Detel plans to set up a network of 150 sales outlets in North India for its electric vehicle vertical by the end of 2021.

• Mar 08, 2021

  Ola plans to invest $2 billion in TN two-wheeler factory.

  

  Industry trends

• Indian goverment vision to become 100% mobility by 2030.