About Automotive Manufacture
The Automobile industry in India is a significant driver of macroeconomic growth and technological development. By 2020, more than 6 Mn hybrid and electric vehicles are expected to be sold annually. India's automobile industry comprises various sub-sectors- passenger vehicles, commercial vehicles, three-wheelers and two-wheelers. Two-wheelers occupy the dominant position, constituting about 80% market share and overall passenger vehicles comprise 13%. Globally, India is the largest manufacturer of two-wheelers, three-wheelers and tractors, and the fifth-largest vehicle manufacturer overall.