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The Automobile Industry in India has witnessed a tremendous growth
in recent years and is all set to carry on the momentum in the foreseeable future. The turnover of the entire industry for the year 2009-10 stood at 1, 62,708.77 crore with a growth of 27% over last financial year. The auto and component industry is one of the major industrial sectors in India with a contribution of close to 5% to GDP of the country. |
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Future Outlook: | |||||||||||||||||||||||||||||||||||||||||
The Automobile Mission Plan envisages industry to grow 5-fold to US$145 billion by 2016 Vehicle production expected to increase from 11 million vehicles in 2006-07 to 17 million by 2011-12 Overall growth of over 9% p.a. will have some segments that outperform In the next 2-3 years, the passenger vehicle industry is expected to see investments of more than Rs 30 billion; two wheeler industry is expected to attract investment amounting to Rs 10 billion. |
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