Gross turnover of automobile manufacturers in India expanded at a compound annual growth rate (CAGR) of 17.7per cent over FY07-11. Cars account for the largest share of revenues (66.2 per cent in 2010). Trucks account for 21.5 per cent, while two wheelers account for the remaining 12.3 per cent.
Automotives production has increased at a CAGR of 13.2 per cent over the FY05-12. Passenger vehicles are the fastest growing segment with a CAGR of 14.5 per cent over the same period.
By volume, two wheelers account for more than three-fourths of the entire market. India is the world's second largest two wheeler producer and fourth largest commercial vehicle producer. Two wheelers accounted for the largest share in exports (by volume) at 67 per cent in FY12. Passenger vehicles account for a sizeable 18 per cent of overall exports.
Accumulated FDI inflows into the automotives sector over April 2000 - February 2012 was US$ 4.7 billion (4.1 per cent of total FDI).