Industry’s growth forecast to accelerate to 11% CAGR over period to 2022, thanks to strong domestic demand for new vehicles, capacity expansion and spending on infrastructure projects
Investments into railway infrastructure lift railway equipment industry, which grows by 6% in 2017
Motorcycles and bicycles industry grows 9% in value in 2017, backed by recovering rural demand and increasing consumer purchasing power
Automotive industry is the largest category, and grows by 7% in 2017 thanks to expanding domestic demand for new cars
Industry’s production value expands by 7% in 2017 to INR9.2 trillion
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