Domestic Auto Industry Expected to Grow up to $285 Billion by 2026

Mumbai: The auto industry is expected to grow as much as four times from its current value to hit Rs 18.9 lakh crore ($285 billion) by 2026, assuming the economy grows at 7.5 per cent over the next decade, a government report said on Wednesday.

The report, published by the department of heavy industries, said the auto sector would account for more than 12 per cent of India's gross domestic product (GDP) and 40 per cent of its manufacturing sector by that date.

($1 = Rs 66.2550)