Answer:
Automobile
industry provides vehicle for quick transport of goods and passengers. Trucks,
buses, cars, motorcycles, scooters, three-wheelers and multi-utility vehicles
are manufactured in India at various centres. After the liberalisation, the
coming in of new and contemporary models stimulated the demand for vehicles in
the market, which led to the healthy growth of the industry including passenger
cars, two- and three-wheelers. The industry had experienced a quantum jump in
less than 15 years. Foreign Direct Investment brought in new technology and
aligned the industry with global developments.
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