Today, personal cars are preferred over public transport. Latest car models are launched that cater to the needs of different sections of the society. Moreover, car companies launch latest models keeping the financials of the consumers in mind.
A car is a wheeled motor vehicle used for transportation. The car segment dominates the market in terms of volume, mainly because of a growing middle class. Also, the interest of the companies in exploring the rural markets further aids the growth of the sector.
Our Indian auto industry is the 4th largest in the world with sales increasing 9.5% year-on-year to 4.02 million units in 2017. Besides, we were the 7th largest manufacturer of commercial vehicles in 2017.