Higher Market Growth Prospects of Automobiles & Auto Components Sector in India, 2026 – 29 with Expected Growth of 10.4%

Automobile  industry remains a key pillar of the Indian economy, contributing 6% to GDP, with the components segment accounting for 2.3%. It provides direct employment to over 1.5 million people and supports millions more indirectly through its extensive value chain. India is firmly on track to become the third-largest automobile and auto components market globally by 2025. We, DART Analysts, based on data up to 2022, indicated that the Indian Automobiles & Auto Components Sector had achieved Read more [...]