Automobile industry is the key driver of Indian economy. It plays a vital role in the economy and industrial development of Indian. It supports the development of some other industries by the procurement of raw material, those basic industries are steel, metal, plastic, petrochemicals, rubber, glass, and so on.
Automobile exports reached 4.13 million vehicles in FY21, growing at a CAGR of 3.47% during FY16-FY21. Two wheelers (79.38%), passenger vehicles (9.79%) and three wheelers (9.52%) made up the majority of exports from India. 3680 premium motorcycles were sold in India in the year 2021.
The Indian automobile market can be divided into four main segments – two-wheelers (motorcycles, geared and ungeared scooters), three-wheelers, passenger vehicles (cars and utility vehicles), and commercial vehicles (light, medium and heavy). The industry lost around $210 billion in revenue in 2021, according to AlixPartners, a business management consultancy. While chip supplies are loosening up, they’re far from back to normal, and production cut be hurt well into 2022.
The automotive and industry sector allows for young graduates to be carefully mentored with their graduate schemes. The automotive and industry sector offers a strong selection of well-recognised graduate programmes, international career paths and some very glamorous products!
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