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Automotive
The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
Asia enjoys excellent positions in the global automotive market, as it is among the world’s largest vehicle producers and consumers. Six Asian countries – China, India, South Korea, Thailand, Malaysia, and Indonesia – accounted for ...
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India houses one of the fastest-growing auto industries in the world. The market has surged from INR 1.87tn in FY2008 to more than INR 5tn in FY2016, and the government expects it to grow to INR 19tn by FY2026. Autos accounted for 6.3% of ...
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India is the world’s sixth-largest motor vehicle producer, claiming a share of some 5% in global vehicle manufacturing in FY2016. The country is also the world’s seventh-largest commercial vehicle producer. The industry’s output, ...
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