Automotive industry in India

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, 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, JSW MG Motor India, Tara International and Vehicle Factory Jabalpur.

  1. ^ "2022 Statistics". www.oica.net. Retrieved 14 September 2023.
  2. ^ "Automobile Industry in India, Indian Automobile Industry, Sector, Trends, Statistics".
  3. ^ Rais, Ahlam. "India is the next manufacturing hub for automobiles".
  4. ^ www.ETAuto.com. "India surpasses Japan to become 3rd largest auto market globally, Auto News, ET Auto". ETAuto.com. Retrieved 11 January 2023.
  5. ^ "Invest in Indian Automobile Industry, Auto Sector Growth Trends". www.investindia.gov.in. Retrieved 8 April 2022.
  6. ^ Rampal, Nikhil (27 May 2022). "Only 8% Indian families own cars, NFHS finds. Over 50% still use bicycles, bikes & scooters". The Print. India. Retrieved 9 April 2023.
  7. ^ Sunilkumar, Singh Rahul (27 December 2022). "Only 1 in 12 Indian households have a car, Mahindra asks netizens for conclusion". Hindustan Times. India. Retrieved 9 April 2023.
  8. ^ Neelakantan, Anand (8 October 2022). "The long road to building roads for humans, not cars in India". The New Indian Express. India. Retrieved 9 April 2023.
  9. ^ Minda, N. K. (18 October 2019). "How car ownership trends will pan out in the future". The Hindu Businessline. India. Retrieved 9 April 2023.