Global automotive majors setting up manufacturing bases on growing market for passenger vehicles

摘要

Drawn by the growing domestic market for passenger vehicles (especially low-budget and diesel cars) and commercial vehicles, numerous global automotive majors have set up manufacturing bases, and are expanding their footprint. They are also looking to make the most of India's rising prominence as a global manufacturing hub to meet their export targets. Auto component manufacturers tend to locate their production facilities near these OEMs, driving the growth of domestic logistics market, including transportation and warehousing.