India has attracted a good quantum of investment from global and local OEMs as well as component manufacturers.
The government’s aim to make auto manufacturing the main driver of the ‘Make in India’ initiative is now gaining attention of global manufacturing players.
India has attracted a good quantum of investment from global and local OEMs as well as component manufacturers. Many of the global automobile players have been ramping up investment in India to accommodate growing domestic demand.
Also, global automobile manufacturers plan to leverage India’s competitive advantage to set up export-oriented production hubs. Besides expansion through various channels, many domestic manufacturers have started investing heavily in various segments (especially in R&D and new technology) of the industry over the past few months.
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