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Updated by Khed City on Mar 26, 2019
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The Scope & Trends Shaping the Automotive Sector of India

In the automotive industry scenario worldwide, India is bracing itself for unprecedented growth in the coming years. With the currently ongoing market trends & the regulation of Indian business policies, the future of the automotive industry in India looks awesomely promising! It’s a great time for OEM and component manufacturers in the country to aspire for a global standing.

Industrial Area In India: The Scope & Trends Shaping the Automotive Sector of India

According to reports, India is on its way to become the world’s 5th largest economy by 2019 and would amount to USD 4.7 trillion worth economy by 2023. This positivity in the air can be emanating from the rapidly growing consumer class, expanding infrastructure and the ease of doing business in India.