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The passenger vehicle segment accounts for around 14% of the total automobile production in India and witnessed high growth during the last decade. India is now an acknowledged player in the small car market. Lack of well-connected urban public transport system together with fast paced lifestyles and rising disposable income are the prime drivers for the growth in the passenger vehicle sector in India.
This note on passenger vehicle industry in India has been prepared through extensive secondary research supported by detailed analysis and focuses on market details, major players, recent developments and key drivers of the Indian passenger vehicles sector.
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