Published Paper Details:

The Automobile Sector is a significant contributor of India's GDP and employment generation. Despite of various challenges such as soaring crude oil prices, shortage of semi conductor chip and supply chain disruptions, the Indian Automobile Market is currently the fourth-largest auto market globally and on its track to secure the 3rd position by 2026, signaling a promising future. The government is also highly supportive in terms of progressive policies and regulations. Today, India is considered as one of the key part of global strategy by global vehicle manufacturers and component suppliers. Even though India's Automobile Sector is immensely potential and growing at a rapid speed, it has to be mindful of challenges that are posed by the recent developments in the global market and adapt to the changing environment. This study provides insight on the recent trends that are shaping the global market and the challenges faced by the Indian automobile sector. The study also attempts to outline the key drivers that boost the growth and the opportunities that could exist for the major players of Indian Automobile Industry in future.