Indian Auto Industry Expected to Grow Upto Rs. 18.9 trillion, USD 285 billion by 2026

Recent reports suggest that the automobile sector in India is expected to grow almost 4 times of its current value in the coming decade. According to a report published by the department of heavy industries on Wednesday, the auto sector would account for more than 12% of India's gross domestic product (GDP) and 40% of its manufacturing sector if the economy grows at 7.5% next decade. If this is so, the automobile sector value will hit Rs. 18.9 trillion (USD 285 billion) by 2026.

Published On Sep 03, 2015 19:01 IST

Published OnSep 03, 2015 19:01 IST

Last Updated OnSep 03, 2015 19:01 IST

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With more and more international brands making their way into India, the automobile sector in the country is witnessing a good international exposure. Brands like Jeep and JLR now see India as a growing market with great potential. Earlier this year, Fiat Chrysler Automobiles announced that the company has invested $ 280 million into Fiat India Automobiles Private Limited, with Tata Motors Limited for extension of Fiat’s Ranjangaon manufacturing facility. Fiat Chrysler promises that the investment will support the production of a new Jeep vehicle and is most likely to begin production in the second quarter of 2017. The now Tata-owned Jaguar Land Rover posted its strongest ever sales performance this year in March, by retailing 58,481 vehicles, up 6% against the previous year. They also launched the all new Discovery Sport at a price tag of Rs. 46.10 lac, Ex-showroom Mumbai.

Also Read: Discovery Sport Launched at Rs. 46.10 lacs

Other foreign brands like Mercedes is expanding its presence in the Indian market with a determined aimed of launching 15 new model in 2015. The latest 2 entries from the German have been the flagship 2015 Mercedes-AMG S 63 Sedan at Rs 2.53 crore, which was launched on August 11 and the C63 S AMG sedan which was launched earlier today and is priced from Rs. 1.3 Crore onwards, ex-showroom Delhi. Both of these cars cross the Rs. 1 Cr mark which shows the faith of the brand in the Indian market. Other than these, the automaker has also launched a New Auto Hangar in Raipur which shows the brand’s will to expand in the country.

Also Read: Mercedes Benz C63 S AMG Launched at Rs. 1.3 Crore! (

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Nabeel

Nabeel Khan is an Associate Editor with the CarDekho Group and an automotive journalist with over 12 years of experience covering cars, motorcycles, and ever-evolving mobility trends. A Mechanical Engineering graduate, he specialises in vehicle testing, buyer guidance, ownership analysis, and automotive video content. His hands-on automotive experience began early, working on everything from tanks and motorcycles to project cars with his dad, and later rebuilding two-stroke engines during his engineering studies. He combines technical expertise with real-world driving experience to help consumers make informed vehicle purchase decisions.Read more

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