Automobile Industry the strength of India to Accelerate Economic Growth

The global automobile industry is undergoing unprecedented transformation. India is probably the most competitive country in the world for the automotive industry. In order to stay profitable and competitive, automotive manufacturers and suppliers need to address the key challenges including rising product complexity, strict environment and safety regulations. They also have to gain deeper understanding of evolving needs for vehicle connectivity, cost pressures and overcapacity while adapting to changing supply and demand needs. India has seen a lot of automotive sector interest in recent years. It is a market with a huge potential for growth. India is also a substantial auto exporter, with solid export growth expectations for the near future. This paper has been designed by using various resources like newspapers, magazines, reports, bulletins, projects, dissertations and thesis. This paper highlights about the production trends, domestic sales trends and export trends of automobile industry in India in order to accelerate India's economic growth.