business bureau the indian automobile industry produced a whopping 2.7 crore vehicles across segments and types, worth around usd 108-billion (rs 8.7-lakh crore) in fy23, with passenger vehicle segment accounting for 57 per cent at
The Indian automobile industry produced a whopping 2.7 crore vehicles across segments and types, worth around USD 108-billion (Rs 8.7-lakh crore) in FY23, with passenger vehicle segment accounting for 57 per cent at Rs 5-lakh crore in the total value, a report said on Wednesday.
The Indian automobile industry produced 2.7 crore vehicles worth around USD 108 billion in FY23, with passenger vehicles accounting for 57% of the total value. The commercial vehicle segment produced 10 lakh vehicles, generating a value of INR 1.7 lakh crore. Two-wheelers accounted for 20 million units, 77% of the volume share.
The compact sub-segment created 25 per cent of value, it said and added that the luxury segment vehicles contributed to Rs 63,000 crore in value or 13 per cent of the segment.