Question

Automobile industry is also called as sunrise industry .Justify
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Answer 1

Answer:

Automobile industry is known as sunrise industry as it has grown at a fast pace in last ten years..It is still growing and has a tremendous scope to grow in coming years as well...

Hope it helps...❤

Answer 2

Explanation:

The Indian market is experiencing a high rate of the growth thanks to a burgeoning car-buying population looking for low cost cars. While a new sector of $2,000 vehicles is expected soon, the $5,000 to $10,000 sector is witnessing fierce competition between domestic makes and global OEMs eager to grab a share of the growth. All this makes the automotive industry India’s “sunrise sector”.