India took around 7 years to increase the annual production of vehicles from 3 million to 4 million, while the next million increase is expected to come in less than 5 years. This is the kind of growth and demand the country has been witnessing in the automotive sector. With GDP growth consistently over 7 percent for the past few years, India is looking at healthy growth in the automobile mar ket . These trends favorable for the multinational companies are being used by the Mar ket research companies in India to elaborate on the benefits of entering the Indian mar ket . The leading Business consulting companies , Tecnova brings you some of the key trends shaping the Indian passenger-vehicle mar ket - Favorable macroeconomic and demographic trends The Rising middle class, increasing urbanization and higher dis posable income with consumers are leading to growth in many indu...
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