Automobile Sector

Automobile Sector Details

Between April 2021 and March 2022, commercial vehicles, three-wheeled, two-wheeled, and quadricycles. India is the world's largest tractor manufacturer, the second-largest bus manufacturer, and the third-largest heavy truck manufacturer. As a result, it holds a strong position in the international market for heavy vehicles.

Key Points:

At the moment, the automobile industry contributes 49 percent of India's manufacturing GDP and 7.1% of the country's GDP.
Between 2022 and 2030, the EV market is expected to expand at a CAGR of 49%, reaching 10 million units annually by 2030. By 2030, 50 million direct and indirect jobs will be created by the EV industry.
As of November 2022, passenger vehicles had sold 25,04,084 of their highest-ever number in FY 2022-23. The industry is expected to grow by 16% in FY23.

Auto Sector Stock Lists

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