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What is Overview of India about?
The Indian automobile industry comprises passenger vehicles, commercial vehicles, three-wheelers, tractors and auto components. It is one of the largest in the world but is now seeing flat or negative growth. The industry was de-licensed in 1991 and now allows 100% foreign direct investment. Competition has increased with the entry of foreign players. Strong growth is expected in the mid-size car segment. Financing availability and rising incomes are driving demand, while efficient operations, new models an
- Author
- v_anand89
- Language
- EN