Implementation of the Auto policy together with robust economic growth and globalisation encouraged rapid growth in domestic demand for automobiles. The Indian automobile sector registered a growth rate of 10.8% during 2008-09 to 2013-14. Several international players have ventured into India and established manufacturing facilities. The production of passenger vehicle stood at around 3.07 million units in 2013-14, registering a growth rate of 6.9% per year since 2009-10. Passenger cars with engine size […]