RU-51-02-0211-170223/FACTSHEETTHEAUTOMOBILESECTORININDIA(MinistryofHeavyIndustries)Indiaisoneoftheworld’slargesttractors&two-wheelermanufacturerIndiaaimstodoubleitsautoindustrysizeto₹15lakhcroresby2024February17,2023TheautomotiveindustryinIndiaisoneofthemainpillarsoftheeconomy.Withstrongbackwardandforwardlinkages,itisakeydriverofgrowth.Liberalizationandconsciouspolicyinterventionsoverthepastfewyearscreatedavibrant,competitivemarket,andbroughtseveralnewplayers,resultingincapacityexpansionoftheautomobileindustryandgenerationofhugeemployment.1ThecontributionofthissectortotheNationalGDPhasrisentoabout7.1%nowfrom2.77%in1992-93.Itprovidesdirectandindirectempl...
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