“Growth and Performance of India’s Automobile Industry in India” - A Comprehensive Review
Abstract
The automobile industry in India is one of the most significant sectors, contributing substantially to the country’s GDP and employment. This paper aims to analyze the growth and performance of the Indian automobile sector, examining various factors that have influenced its evolution. From the early stages of development to becoming one of the largest automotive markets globally, the industry’s trajectory has been shaped by government policies, technological advancements, market demand, and global economic trends. This study also addresses the challenges faced by the sector, including environmental concerns and the recent impact of the COVID-19 pandemic. Through a comprehensive review of industry data, the paper provides insights into the future prospects of the Indian automobile industry.
Copyright (c) 2024 G Muniraju, A Muthumoni
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