Since the first car rolled out on the streets of Mumbai in 1898, the Automobile Industry in India has come a long way. Following economic liberalization of India in 1991, the automotive industry has shown sustained growth. Several Indian brands like Tata Motors, Maruti Suzuki and Mahindra and Mahindra, extended their operations in the domestic market as well as in the international market. India's robust economic growth helped in the expansion of the domestic automobile industry and also attracted foreign investments.
The Automotive industry in India is one of the largest in the world and one of the fastest growing globally. India stands as the second largest manufacturer of motorcycles and seventh largest in the passenger car and commercial vehicle segment. The sales figure of motorcycles surpasses 8 million and 2.6 million for the passenger car and commercial vehicle manufacturing industry, which is an exponential year on year growth over the decades.