The Indian automobile industry is one of the largest in the world, and it is growing rapidly.
The government has been providing incentives to the industry, and major companies are investing heavily in it.
Summary
- The Indian automobile industry is one of the largest in the world.
- The government has been providing incentives to the industry.
- Major companies are investing heavily in the industry.
Questions
- What are the major segments of the Indian automobile industry?
- What are the government’s incentives for the automobile industry?
- What are some of the major investments that have been made in the Indian automobile industry?
Answers
- The major segments of the Indian automobile industry are two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers.
- The government’s incentives for the automobile industry include excise duty reductions and investment subsidies.
- Some of the major investments that have been made in the Indian automobile industry include Volkswagen’s plan to invest Rs. 1500 crores in a diesel engine manufacturing facility, Amtek Auto’s acquisition of Germany’s Kuepper Group of companies, and Infosys’ contract with Volvo Cars to provide application development services.