What is the current position of automobile industry in India?

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#1

What is the current position of automobile industry in India?

Answer:
Automobile industry provides vehicle for quick transport of goods and passengers. Trucks, buses, cars, motorcycles, scooters, three-wheelers and multi-utility vehicles are manufactured in India at various centres. After the liberalisation, the coming in of new and contemporary models stimulated the demand for vehicles in the market, which led to the healthy growth of the industry including passenger cars, two and three-wheelers. The industry had experienced a quantum jump in less than 15 years. Foreign Direct Investment brought in new technology and aligned the industry with global developments.