The Indian auto industry is expected to be the world’s third largest by 2018 only behind China and the US. (India is currently world’s second largest two-wheeler manufacturer). The industry accounts for 7.1% of the country’s Gross Domestic Product (GDP). The Two Wheelers segment is the leader of the Indian Automobiles market with 79% market share owing to a growing middle class and a young population. Moreover, the companies growing interest in exploring the rural markets further aided the growth of the sector. The Passenger Vehicle (PV) segment has 14% market share. It has been a year since the government demonetised Rs 1000 and RsRead More →