Study of slowdown in Indian automobile industry as an opportunity for development and progress

Abstract

India's automotive industry is in a changing phase and is observing five megatrends that are expected to renovate the industry. Customer needs, the disruptive impact of technology, the dynamic regulatory environment, changing mobility patterns and global interconnectedness are all closely associated with each other. The industry has never observed this kind of change during the slowdown process of the market. This paper explains the sales of various Automobile companies in India and its new megatrends that can increase the sales in future.