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Write a brief note on automobile industry??

Answer»

The automotive industry is a WIDE range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles, some of them are called automakers. It is one of the world's most IMPORTANT economic sectors by revenue.
India is also a prominent auto exporter and has strong export growth expectations for the near future. Automobile exports grew 26.56 per CENT during April-July 2018. It is expected to grow at a CAGR of 3.05 per cent during 2016-2026. In addition, 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 market in the world by 2020.


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