Indian automobile industry has tremendous growth for last 50 years justify the statement
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Indian automobile industry has tremendous growth for last 50 years justify the statement
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Answer:
India has witnessed a rapid growth in the auto mobile sector. The reason behind the growth is as follows :
1. Fuel economy : high rates of fuel have forced competition among the companies to focus on delivering performance-oriented products.
2. Demography : India is a huge market for automobile industries. It has a great demand for 2 wheeler and cheap 2 wheeler vehicles. Increased affordability has attracted many towards buying vehicles.