The automobile sector plays a significant role in the growth of the Indian economy. In the present scenario, India’s automotive sector is the seventh largest automotive sector in the world. Significantly, the automotive industry of India covers the manufacturing of diverse vehicles or automobiles moving on land and various automobile components. According to an economic perspective, today the contribution of the automotive sector to the GDP growth of the nation is 7%, which is expected to touch 12% by the year 2026.
