Automotive

One of the fastest growing industries in India is the automotive industry. With growth rates over 8% annually, India is expected to be the 7th largest producer of cars by 2016 and the 3rd largest by 2030. A growing middle class and an ever increasing service sector demand more and more small cars every day. India has set track to become the number one manufacturing hub for small cars worldwide.

More foreign companies enter the Indian automotive market every week to be part of this rapid developing industry. The Indian government has installed regulations that simplify foreign entry to compete with the Chinese. For Dutch companies, opportunities lie in the field of Research & Development outsourcing and the supply of auto-component parts.