India Sees Automobile Export Growth, Business and Industry Trends Analysis

The automobile market in India has the potential to grow to much higher numbers over the mid-term.  The Society of Indian Automobile Manufacturers reported that 2.71 million passenger vehicles were sold in that nation during the 2020-2021 fiscal year, down 2.24% from 2.27 million the previous year.  (In addition, the nation builds millions of motor scooters, motorcycles and three-wheelers each year, plus a modest number of commercial vehicles.)  Although India is nowhere near as large a market as China, it is attracting the attention of leading global manufacturers.  As India’s middle class continues to grow over the long-term, it may…

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