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Industry Update

Industry Update

2016: India becomes the largest two-wheeler market in the world after selling 17.7 million units

2017-18: About 25.3 million automobiles produced

Two & three-wheelers exports increased 20.30 per cent and 37.02 per cent respectively.

The auto industry sees major changes in the form of electric vechicles (EVs), shared mobility, emission and safety norms sales of electric two-wheelers are estimated to have crossed 55,000 vehicles

Premium motorbike sales in India crosses one million units

Total production volume grows at a CAGR (Compound Annual Growth Rate) of 4.43%

The automobile industry has attracted Foreign Direct Investment (FDI) worth US$ 18.413 billion during the period April 2000 to December 2017, according to data released by Department of Industrial Policy and Promotion (DIPP).

Indian automotive industry (including component manufacturing) is expected to reach Rs 16.16 - 18.18 trillion (US$ 251.4-282.8 billion) by 2026.