Review Analysis of Growth Dynamics of Indian Automotive Industry: A study focus on trends in Production, Sales and Exports

Abstract

The Indian car industry is one of the world's largest and a key driver of the country's economic progress. This research paper examines the growth trends in the Indian auto industry from 2020-21 to 2024-25, with a focus on production, domestic sales, and export performance in three major vehicle categories: passenger vehicles, commercial vehicles, and two-wheelers & three-wheelers. The study uses trustworthy data from the Society of Indian Automobile Manufacturers (SIAM), India Brand Equity Foundation (IBEF), and government reports, applying methods like trend analysis and Average Annual Growth Rate (AAGR) calculations to reveal the main trends in the industry. The study revealed that the car industry has experienced constant expansion in production capacity. The overall sales trend is good, with a robust rebound after a decrease in fiscal year 2021-22. Over the past three years, this sector has shown resiliency and sustained development. In the last five years, the export pattern has altered.