User:Aadishwar Singh/sandbox

Indian Automotive Industry
India is currently the 4th largest automobile market in the world. With a population of more than 1.3 billion, this country has a potential to be a manufacturing hub for low cost vehicles, to the domestic market and globally.

Government Policies
There is a new government policy under the NITI Ayog, as announced by the Union Minister that commercial cars older than 15 years will be scrapped as an effort towards reducing pollution due to on road vehicles. This is expected to give the automotive industry a revenue of 10,000 crores.

SUV Fanaticism
The Indian buyers in recent years have shown a considerable inclination towards this segment and the craze isn't anywhere close to an end. KIA has made a debut in India with its compact SUV Seltos which recieved a warm welcome with 6,064 bookings on the very first day. It will compete against the likes of Hyundai Creta and the Maruti Suzuki Brezza, both of which have done so well. The full sized SUV segment isn't lagging behind either. Another well known manufacturer, MG has made an entry to the market with their all new Hector which has been challenged by Tata, with the launch of Harrier. The Hyundai Venue, a small SUV with a price tag of 6 lakh INR is set to make changes to the market share of Hyundai in India.