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 industries, the automobile being one of the major beneficiaries. Currently,
