Exploring the expansion trajectory of the Indian automobile sector

Abstract

The Indian Automobile sector stands as a key element of the nation's economy, having accomplished remarkable growth and variation over time. This sector has display incredible disparity as it includes two- and three-wheelers, commercial vehicles, and passenger vehicles. Furthermore, India categorizes as massive manufacturer of passenger cars, commercial vehicles, three- wheelers and two- wheelers. The Indian economy was confined before liberalization period, expressed by high import tariffs meant to shield the country's auto sector. The sector's enlargement was hampered by this constraint, moreover the domination of a few firms. But along the 1991 liberalisation policy, the industry reflects a sharp boost in growth, which unfold new way and quickened its development. The prime data source for this research was the Annual Survey of Industries. The growth rates of various automotive sector variables were analysed in this article.