Role of reforms in agricultural marketing through agricultural value chains in India

Abstract

The Indian automotive industry demonstrated robust growth from 2012 to 2018, driven by strong demand in passenger vehicles and two-wheelers, alongside fluctuations in commercial and three-wheeler segments. The significant increases in production, domestic sales, and exports highlight the sector's resilience and its evolving role in the global automotive landscape. The Indian automobile industry has long served as a key barometer of economic health, reflecting broader macroeconomic trends and technological advancements. The two-wheeler segment leads the market in volume, driven by a burgeoning middle class and a significant proportion of the population being young. Additionally, companies are increasingly targeting rural markets, further propelling sector growth. The demand for commercial vehicles is rising, supported by expanding logistics and passenger transportation industries. Looking ahead, market growth is expected to be boosted by emerging trends such as the electrification of vehicles, particularly in the three-wheeler and small passenger car segments. The present article is an analytical study of the performance and growth of Indian automobile sector.