Sharp Curve Ahead

Over the last decade, the Indian automobile industry witnessed robust growth, made a mark globally and is finally doing justice to its latent potential. A mix of prudent regulatory framework that laid the foundation of India as a global hub for small cars and two wheelers, coupled with an aggressive industry saw turnover of the sector treble from an estimated Rs 1.65 lakh crore in 2006 to nearly Rs 5 lakh crore in 2016.

Barring China, no other country has witnessed this kind of growth in a decade when the global economy was singed by the 2008 economic recession. Today, India is the largest producer of two wheelers and tractors globally, the fourth largest car producer and among the top 10 commercial vehicle manufacturing nations. And, every third small car in the world is manufactured in India now.

Yet, the industry has only scratched the surface of the huge potential that