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Friday, November 25, 2016

indiainfoline / The $ 93 billion automotive industry contributes 7.1% to India’s GDP





The $ 93 billion automotive industry contributes 7.1% to India's GDP


The $ 93 billion automotive industry contributes 7.1% to India's GDP
Indiabeengrowth trajectory with impressiveinsales, production,exports overlasttwoyears.average production of around 24million vehicles annuallyemployerofovermillion(directindirect employment),automotive sectorIndialargestworld.Indialargest tractor manufacturer,largest two- wheeler manufacturer,largest bus manufacturer,largest heavymanufacturer,6th largest carmanufacturer andlargest commercialmanufacturer.
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The $ 93 billion automotive industry contributes 7.1% to India's GDP


The $ 93 billion automotive industry contributes 7.1% to India's GDP
Indiabeengrowth trajectory with impressiveinsales, production,exports overlasttwoyears.average production of around 24million vehicles annuallyemployerofovermillion(directindirect employment),automotive sectorIndialargestworld.Indialargest tractor manufacturer,largest two- wheeler manufacturer,largest bus manufacturer,largest heavymanufacturer,6th largest carmanufacturer andlargest commercialmanufacturer.
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Additive manufacturing in automotive industry worth US$1.1 billion by 2019


Additive manufacturing in automotive industry worth US$1.1 billion by 2019
A research report "Additive Manufacturing Market Opportunities in Automotive Industry – 2016" says as 3D printing industry at large continues to transition towards a manufacturing technology, one of the top targets for vertically-integrating print solutions developers is the automotive industry.With an enormous global manufacturing footprint, the automotive industry is both one of the most historically well-established users of classic 3D printing technology for rapid prototyping, as well as one of the most ripe targets for additive innovation over the next decade.A flurry of potentially disruptive activity has taken place over the last two years, setting the stage for the automotive industry to become one of the biggest markets for 3D printing and additive manufacturing technology over the next decade.
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