The Indian automobile industry is one of the largest industries in the world among the automobile industries. 7.1 percent of Indian Gross domestic product (GDP) is due to this industry. A vast population of the middle class and young owing to the automobile market. Moreover, the increasing interest of companies in the rural market helped a lot in the industry.
The Indian automobile industry went on rapid growth from 2015. It was predicted that in 2019 the industry would defeat the German automobile industry. But unfortunately, the Indian auto industry faced a massive loss in 2019.
Top 10 Car manufacturers:
Top 10 manufacturers of Indian auto industries mentioned below;
- Maruti Suzuki
It seemed that 2020 look like a promising year, but Covid-19 again messed up the whole world.