India Automobile Industry
The automobile industry in India is 7.5% of GDP, it is 49% of manufacturing GDP and 26% of Industrial GDP. The industry directly employs 8 million people and indirectly 40 million people.
In 2018, India displaced Germany as the world’s fourth-largest market for sales by volume. The top three automobile markets are China, USA, and Japan.
The Indian automobile industry is classified into
Passenger vehicles – With 51% share, Maruti is the domestic market leader. Hyundai is the exports leader . . .