On the canvas of the Indian economy,Indian Automobile Industry occupies a prominent place The automobile industry in India happens to be the ninth largest in the world and India is the world's second-fastest growing auto market. India emerged as the fourth largest exporter of automobiles.
Several Indian automobile manufacturers have spread their operations globally as well, asking for more investments in the Indian automobile sector by the MNCs. The well-developed Indian automotive industry ably fulfils this catalytic role by producing a wide variety of vehicles.
There has been significantly increased automotive industry's contribution to overall industrial growth in the country.