Invest In India
AUTOMOBILES
- Automobile sector in India is the largest tractor manufacturer, second largest bus
manufacturer and third largest heavy trucks manufacturer in the world.
- The industry saw a 25.5 per cent jump in FDI from 2018 to 2019.
- With FDI policy for automobile sector allowing 100% FDI under the automatic
route, FDI equity inflows in Automobile industry contributing towards 5% of the total
FDI inflows.
- FDI in automobile industry will bring with it technological progress, which will directly
lead to economic development and will stimulate industrialization, leading to more job
opportunities.
- Low cost skilled labor, low cost steel production and a strong R&D support the
automobile sector.
- Some of the major Global companies manufacturing in India Are Mercedez Benz, BMW,
Honda, Suzuki, Ford, Kia, Hyundai, Volkswagen, Lexus, etc. to name a few.
