Automobile Industry Helps Economic Growth of the Country!

The automobile industry is one of the best key drivers that increase the economic growth of the country. The Indian automotive industry includes two-wheeler, trucks, cars, buses, three wheeler and four wheeler which play a big role in the growth of the Indian economy. The country is expected to top the world in Car volumes with approx. 611 Million vehicles on the nation’s roads by 2050. The economic progress of this industry is indicated by the amount of goods and services produced which gives the capacity for transportation and boost the sale of vehicles. There is a huge increase in automobile production with a catalyst effect by indirectly increasing the demand for a number of materials like Steel, Rubber, Plastic, Glass, Paint, Electronic and Services.