India has the 4th largest automotive industry in the world with an aspiration of becoming 3rd largest till 2026. Our automotive sector contributes 7.1% of total GDP and also generates employment for 35 million people. The automotive industry also plays a major role among the services of outsourcing in India including CAD outsourcing, CAM outsourcing, engineering services, etc.
The automotive industry of India does not just contribute to the internal economy through direct production but also contributes through various services offered to MNCs by various product design companies in this field. Let's discuss the automotive industry from the aspect of product design companies and outsourcing in India.
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