| Automobiles |
Driven by a phenomenal increase in the domestic market and a surge in global sourcing, the Indian automotive industry is making a significant mark in the international market. With a 4% contribution to India's GDP and nearly 5% of the total |
industrial output, the automotive sector is a significant contributor to the exchequer. The auto components industry has the potential to grow to US$ 33-40 billion by 2015. With a clear focus on R&D and integration, the Indian automotive industry has begun to leverage overseas acquisitions to fill capability gaps. It is also attracting foreign nationals to pursue a career in India. |
|
| |
|
|
