Invention of wheel has been the most fascinating of all the inventions of ancient times. From inventing wheel to present advancements in automobiles, human mind has given the mankind the most sophisticated technologies through creativity. Automobile Industry has gone through major shifts and drifts as far as technology is concerned, thus giving momentum to the economies of various countries.

Indian Automobile Industry has emerged as one of the fastest growing automobile industries and may become one of the global leaders in following years. It is enjoying major foreign investments since past few years. The Indian automotive industry contributes about 5 percent to India’s GDP with turnover of around $34 billion. Presently, the Indian auto industry has a combined manufacturing capacity of about 1.5 million vehicles per annum. It employs 13 million people either directly or indirectly.

The Indian Automobile Industry comprises of manufacturers, suppliers, dealers, retailers, original equipment manufacturers [OEMs], aftermarket parts manufacturers, automotive engineers, motor mechanics, auto electricians, spray painters or body repairers, fuel producers, environmental and transport safety groups, and trade unions which amounts to more than 800 players.