Industry Overview
The Indian Automobile industry is one of the largest in the world. The industry accounts for 7.1
per cent of the country's Gross Domestic Product (GDP). The Two Wheelers segment with 80
per cent market share is the leader of the Indian Automobile market owing to a growing middle
class and a young population in India. The overall Passenger Vehicle (PV) segment has 14 per
cent market share.
Automobile Exports
India is also a prominent Auto exporter and has strong export growth expectations for the near
future. Overall automobile exports grew 15.81 per cent year-on-year between April-February
2017-18.
Several initiatives by the Government of India and the major automobile players in the Indian
market are expected to make India a leader in the Two Wheeler and Four Wheeler (4W) market
in the world by 2020. Production of passenger vehicles, commercial vehicles, three wheelers and
two wheelers grew at 14.41 per cent year-on-year between April-February 2017-18 to
26,402,671 vehicles.
INDIAN AUTOMobile INDUSTRY AT A Glance IN 2016 - 2017
