Category: Technology

India became the fourth largest automobile market in the world, surpassing Germany in 2018 and it is estimated that by the end of 2021, it will move up to the third position globally. This industry also accounts for around 22% of the nation’s manufacturing GDP. Several factors, including the ‘Make in India’ initiative of the Indian government, are playing a crucial role in further growth and expansion of the industry. Currently, five megatrends are observed in the Indian automotive industry and they are expected to have a great impact on its future transformation.