In the technology driven marketplace, automotive vehicles and parts manufacturing represents one of the largest global markets. The industry has adopted the global standards, which was manifested in the increasing output and exports of the sector.


 

The automotive sector is a significant contributor to the exchequer. The auto components industry has the potential to grow to US$ 33-40 billion by 2015. With a clear focus on R&D and integration, the Indian automotive industry has begun to leverage overseas acquisitions to fill capability gaps. It is also attracting foreign nationals to pursue a career in India.