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@article{190504,
        author = {Dr.V.Masulamani},
        title = {Role of Automobile industry in growth of Indian Economy-An overview},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {8},
        pages = {2312-2318},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=190504},
        abstract = {For many years, the Indian auto industry has been a reliable gauge of the country's economic health. The two-wheeler category dominates the market in terms of volume due to a growing middle class, a predominantly young population, and increased demand from rural areas. The demand for commercial vehicles has increased due to the expansion of passenger and logistical transportation services. It is expected that emerging trends, such as vehicle electrification, particularly in three-wheelers and small passenger cars, will impact market expansion.
India has established itself as a significant car exporter with bright prospects for future expansion. Automobile exports increased by 19% to over 5.3 million units in FY25 due to the robust demand for passenger cars, two-wheelers, and commercial vehicles in foreign markets. Thanks to government initiatives like the Automotive Mission Plan 2026, the scrappage policy, and the production-linked incentive plan, India is expected to emerge as a global leader in the two-wheeler and four-wheeler sectors.
The government created the car Mission Plan 2016 to 2026 to boost the size, technological prowess, enhanced institutional framework, and global competitiveness of the Indian vehicle industry. 7.1% of India's GDP comes from the automobile sector. There are 37 million workers in this industry. 40% of global R&D is conducted in India. 4.7% of the country's automobiles are exported. This article highlights the growth of automobile industry in India.},
        keywords = {Industry, Production, Sales, EV, Brand},
        month = {January},
        }