Published on Monday, February 18, 2019 by Chittorgarh.com Team
Indian Market before Independence was focused on the dealership, maintenance, and financing of automobiles. Just after a decade passed to Independence, the manufacturing of automobiles started. In the prior years of manufacturing of vehicles, production was limited to three major manufacturers - Standard Motors, Hindustan Motors, and Premiere Automobiles. In the last decade, the automobile industry had a share of 5% in the GDP of the Indian Economy. The Automobile Industry of India is the world's 4th largest automobile market with the annual production of 29.7 million automobiles manufactured in 2018. There are several benefits from Budget 2019 to the Automobile Industry are:
Automobile Industry has experienced rapid growth over the years and played a great role in the economy and employment of the nation. One of the most successful automotive parts manufacturers, Kranti Industries after 37 years of excellence has now launched its own SME IPO to go public.
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