Automotive Market is Booming in Upcoming Years with CAGR Status, Size
August 30, 2023 ⚊ 1 Min read ⚊ Views 38 ⚊ BLOG
With 3.49 million units sold in the passenger and commercial vehicle categories combined in 2020, India was the fifth-largest auto market. In 2019, it was the seventh-largest commercial vehicle manufacturer. Owing to a growing middle class and a young population, the two-wheeler category dominates the market in terms of volume. Furthermore, the increased interest of businesses in investigating rural markets boosted the sector’s expansion. Moreover, India is a major auto exporter, with excellent export growth prospects in the near future.
Tags: Automotive Market Demand, Automotive Market Size
