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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.
National Automotive Testing and R&D Infrastructure Project (NATRiP), the largest and one of the most significant initiatives in automotive sector so far, represents a unique joining of hands between the Government of India, a number of state governments and Indian Automotive Industry to create a state of the art Testing, Validation and R&D infrastructure in the country.
This plan was introduced by the government of India in 2012 to increase national fuel security through the promotion of hybrid and electric vehicles. [28] India's auto industry contributes 22 percent to manufacturing GDP, a percentage expected to increase to 25 percent by 2022 with the new manufacturing policy. [29]
This plant played an important role in the development of the automobile industry in the state of Gujarat. After Tata Motors invested in Sanand, multiple automobile manufacturing plants have come up in Gujarat - Suzuki Motor Gujarat, Ford India, MG Motor India, Hero MotoCorp, Honda Motorcycle and Scooter India, etc.
All of the M series and high-end models are not manufactured in India. Mini India: 2013–-present: Citroën India: 2021–present: Stellantis: Fiat India: 2016–present: Honda Cars India: 1995–present: Honda: Hyundai Motor India: 1996–present: Hyundai Motor Company: Foreign manufacturer with highest market share Kia India: 2017–present ...
List of automotive plants in Maharashtra City Location Manufacturer Class Aurangabad: Aurangabad [17] Skoda Auto India Private Limited, Audi India: Passenger vehicles Aurangabad: Aurangabad [17] Bajaj Auto: Commercial vehicles, Two wheelers Banda: Banda: Caterpillar [18] Commercial Bhandara: Bhandara [19] Ashok Leyland: Commercial vehicles ...
Following economic liberalisation in India in 1991 and start of Economic Boom, and the gradual easing of restrictions on industry, India has seen a dynamic 17% annual growth in automobile production and 30% annual growth in exports of automotive components and automobiles. More than 4.78 million automotive vehicles were produced in India in ...
Bajaj Group is an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. [2] [3] The group comprises 40 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer. [4]