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The auto industry is a major contributor to the country's social and economic growth. It is the largest automotive industry in the world and is made up of different subgroups, such as engineering, design, next-generation manufacturing, distribution, and after-market. In the last ten years, production in the auto industry has gone up by 25%. Statistics show that the automotive industry uses about half of the world's oil, rubber, 25% of its glass output, and 1/6 of its steel output. In developed economies, when the auto industry grows by 1%, the GDP grows by 1.5%. The Indian Automobile Industry has become known
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