Automotive industry in India
From Wikipedia, the free encyclopedia
The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics.[1][2][3] As of 2023, India is the 3rd largest automobile market in the world in terms of sales.[4]
As of April 2022[update], India's auto industry is worth more than US$100 billion and accounts for 8% of the country's total exports and 7.1% of India's GDP.[5] According to the 2021 National Family Health Survey, barely 8% of Indian households own an automobile.[6][7] According to government statistics, India has barely 22 automobiles per 1,000 people.[8][9]
India's major automobile manufacturing companies include Maruti Suzuki, Hyundai Motor India, Tata Motors, Ashok Leyland, Mahindra & Mahindra, Force Motors, Tractors and Farm Equipment Limited, Eicher Motors, Royal Enfield, Sonalika Tractors, Hindustan Motors, Hradyesh, ICML, Kerala Automobiles Limited, Reva, JSW MG Motor India, Premier, Tara International and Vehicle Factory Jabalpur.