Time to switch gears and speed up innovation

2017/2016, Yearend 2016, Sector Focus
India’s auto industry has arrived on the global stage but has to learn to adapt to go further.

With annual sales of over 20 million units, the Indian automobile industry is one of the largest in the world. It is the fourth largest market for cars behind China, US and Japan and trails only China in the global pecking order for two wheelers. It has also been one of the fastest growing automobile markets in the world at a time when there are fewer takers for cars around the world. Many believe India will emerge as the third largest market for cars as early as the turn of this decade.