The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country's Gross Domestic Product (GDP). The Two Wheelers segment with 81 per cent market share is the leader of the Indian Automobile market owing to a growing middle class and a young population. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector. The overall Passenger Vehicle (PV) segment has 13 per cent market share.
In order to keep up with the growing demand, several auto makers have started investing heavily in various segments of the industry during the last few months.The Government of India encourages foreign investment in the automobile sector and allows 100 per cent FDI under the automatic route.
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A.Chandak & Co.'s professionals have extensive experience in the automobile sector in India. Our professionals offer a strong track record of successfully advising companies in various strategic initiatives and address their needs by providing tailored services.