This document provides an overview of the automobile industry in India. Some key points:
- India is poised to become one of the top 5 auto producers globally by 2015 due to rising incomes, expanding middle class, and large skilled workforce.
- Major automakers like Hyundai, Ford, and Hero MotoCorp are significantly investing in new plants in India.
- The government is taking initiatives like introducing fuel efficiency ratings and tax incentives/breaks for electric/hybrid vehicles to encourage industry growth.
- Foreign investment, exports, and domestic production are increasing, with passenger vehicle production expected to grow at a 13% CAGR from 2012-2021.