International Journal For Multidisciplinary Research

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Performance of Automobile Sector in India: A case of Two and Three Wheeler Vehicles

Author(s) Brijesh Kumar, N.M.P. Verma
Country India
Abstract India’s annual production of automobiles in FY23 was 25.92 million vehicles, and 22.92 million vehicles were produced in FY22.The share of Two and Three wheeler vehicles are 19.45 million and 0.85 million (SIAM, 2023). The automobile industry is an important driver of the economic growth in India and one of the successful sectors in which the country has high participation in global value chains (GVCs). India was the sixth largest producer of automobiles globally with an average annual production of about 23 million vehicles in 2021–2022, of which about 5 million were exported (SIAM, 2023). In this paper we have taken yearly data of production and domestic sales of two and three wheeler vehicles from 1991-92 to 2022-23 from Society of Indian Automobile Manufactures (SIAM). In this paper we have seen the growth rate on YoY, CAGR and trend analysis of two and three wheeler vehicles, is there any fluctuations in the production and domestic sales in the two and three wheeler vehicles or any type of pattern.
Keywords Automobile, Production, Sales, CAGR, Fluctuations
Field Mathematics > Economy / Commerce
Published In Volume 6, Issue 3, May-June 2024
Published On 2024-06-08
Cite This Performance of Automobile Sector in India: A case of Two and Three Wheeler Vehicles - Brijesh Kumar, N.M.P. Verma - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.22178
DOI https://doi.org/10.36948/ijfmr.2024.v06i03.22178
Short DOI https://doi.org/gtzjm8
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