Automotive

India is the fourth largest country in the world by the valuation of the automotive industry. The sector can be broadly divided into four main segments - two-wheelers, three-wheelers, passenger wheelers and commercial vehicles. The two-wheelers segment dominates the market in terms of volume owing to a growing middle class, and a huge percentage of IndiaÕs population being young. Moreover, the growing interest of the companies in exploring the rural markets further aided the growth of the sector.