India Automobile Industry
Automobile industry is one of the fastest growing industries of the world. With more than 2 million new automobiles rolling out each year, on roads of India, the industry is set to grow further. Automobile industry made its silent entry in India in the nineteenth century. Since the launch of the first car in 1897, India automobile industry has come a long way. Today India is the largest three wheeler market in the world and is expected to take over China as the second largest automobile market, in the coming years.
Some facts on Automobile industry in India:
- India has the fourth largest car market in the world
-
India has the largest three wheeler market in India
-
India is the second largest producer of two wheelers in the world
-
India ranks fifth in the production of commercial vehicles.
-
Hyundai Motors ranks second in car production in the world.
