Auto Industry : Growth Drivers

Growth Drivers—

Rising industrial and agricultural output

—Rising per capita income

—Favorable demographics with rising working population and middle class urbanization

—Increasing disposable income in rural agri-sector

—Availability of variety of models meeting diverse needs and preferences

—Easy financing schemes

—Favorable government policies

—Robust Production

KEY FACTORS

Per Capita Income

— Motor Vehicle Tariffs

— Domestic Good Prices – Metal & Steel

— Crude Oil Prices

— Interest Rates