Question

Automobile industry has shown a percentage of growth what are the factors responsible for this..​

Answer 1

Answer:

i) The introduction of new and comtemporary models stimulated the demand for vehicles in the market. (ii) Foreign Direct Investment (FDI) brought in new technology and aligned the industry with global development.

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Answer 2

Answer:

rising fuel prices, trend of e vehicle

Explanation:

as fossil fuels are exhausting at a faster rate, and fuel prices are rising in india , better performing and fuel efficient vehicles is the demand of time