India has one of the largest and fastest growing automobile manufacturing industries in the world. The automobile industry covers passenger cars as well as commercial vehicles. Two wheelers are however, the dominant segment of the country’s automobile market. An overwhelming majority of automobiles manufactured in India are used for personal purposes, while the remaining is used for commercial purposes. A small but significant portion of the total number of automobiles manufactured in India is also exported to other countries. However, the rising prices of fuel and raw materials have proven to be major obstacles in the expansion of the automobile manufacturing industry, as they have led to a fall in demand. Ultimately, certain factors such as product innovation, affordability and the country’s overall economic health continue to determine the growth path of the automobile industry. Hide this