How Indian Automobile Industry Offers Promising Future

How Indian Automobile Industry Offers Promising Future.

1.Indian Automobile Industry is-

1 of the largest in the world with an annual production of 23.37 million vehicles in FY 2014-15
2nd largest two wheeler manufacturer
3rd largest automobile industry by 2016
4th largest manufacturer of passenger cars & the largest manufacturer of tractors
5th largest producer of commercial vehicles
6th largest vehicles manufacturer globally

2. Indian Automotive Sector has generated $74 Billion in FY16 and accounts for 7.1% of India’s Gross Domestic Product (GDP)

3. By 2026, the industry is expected to achieve a turnover of $300 billion – clocking a CAGR of 15%

4. By 2022, nearly 15 million people are expected to be employed in automobile sector directly in the industry

5. Automobile Industry has stable careers

6. It has a fast changing technology

7. Organizations are high on innovation

8. Provides an opportunity to handle large businesses

9. Complex business environment provides well rounded experience

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