OVERVIEW

• Fourth largest auto market in 2018-19 with sales increasing 8.3 per cent year-on-year to 3.99 million units.
• Seventh largest manufacturer of commercial vehicles in 2018.
• Automobile exports grew 14.50 per cent year-on-year during FY19..
• Indian automotive industry (including component manufacturing) is expected to reach Rs 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. Strong policy support from government.
• Indian auto industry is expected to see significant drop in growth during 2019-2020 due to various economic conditions