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About the Report
The Indian automobile industry is a cornerstone of the national economy, accounting for over 40% of manufacturing output and contributing around 6–7% to GDP. The sector is poised for sustained expansion, with the total number of vehicles expected to more than double—from 226 million in 2023 to nearly 494 million by 2050. Driven by robust policy support, rising domestic demand, and growing potential for EV adoption, the Indian automotive industry stands at a transformative juncture. This report explores the emerging trends shaping the sector, along with its outlook, opportunities, and challenges.
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