India Automotive Summit 2011

The Indian passenger vehicle (PV) market will touch 3.5 million units mark in the next three years and will be the fourth largest PV market in the world. Under the Automotive Mission Plan (AMP), India had set a target to become a USD145 billion automotive market by 2016, for which USD 35-40 billion investment is required. The auto makers will not only have to add capacities, but will also have to expand distribution network, strengthen component sourcing chain and enhance R&D capabilities. Indi