Indian Automobile Industry Outlook
- Credit Rating Agency in India
- Industry Report
- Indian Automobile Industry Outlook
The Indian auto industry became the 4th largest in the world with sales increasing 9.5 per cent year-on-year to 4.02 million units (excluding two wheelers) in 20171. It was the seventh largest manufacturer of commercial vehicles in 20182. The Two Wheelers segment dominates the market in terms of volume owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector.
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