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India's Growing Automobile Industry Insights

India is projected to become the world's third largest automobile manufacturer by 2016. Two-wheeler production is expected to rise significantly over the next five years, reaching 34 million units by 2020. The government aims to develop India as a global automotive research and manufacturing hub through initiatives like NATRiP centers and the National Automotive Board to facilitate collaboration between government and industry.

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priyanka sharma
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52 views2 pages

India's Growing Automobile Industry Insights

India is projected to become the world's third largest automobile manufacturer by 2016. Two-wheeler production is expected to rise significantly over the next five years, reaching 34 million units by 2020. The government aims to develop India as a global automotive research and manufacturing hub through initiatives like NATRiP centers and the National Automotive Board to facilitate collaboration between government and industry.

Uploaded by

priyanka sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

AUTOMOBILE

Expected to be worlds 3rd largest by 2016


Worlds 2nd largest two-wheeler manufacturer
Two-wheeler production is projected to rise from 18.5 million in FY15 to 34 million
by FY20.
Passenger vehicle market in India is expected to cross the three million unit
milestone during FY 2016-17, and further increase to 10 million units in FY 2019-20.
The government aims to develop India as a global manufacturing as well as a
research and development (R&D) hub. It has set up National Automotive Testing
and R&D Infrastructure Project (NATRiP) centres as well as a National Automotive
Board to act as facilitator between the government and the industry.
Alternative fuel has the potential to provide for the country's energy demand in the
auto sector as the CNG distribution network in India is expected to rise to 250 cities
in 2018 from 125 cities in 2014. Also, the luxury car market could register high
growth and is expected to reach 150,000 units by 2020.

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