Harvests and markets of the Indian made cars are booming in the cities of Mumbai and New Delhi, according to data released by the Indian Automobile Manufacturers Association (IAMA).
Harvys in Mumbai and Delhi are expected to hit the 5 million mark within three years, and the IAMA expects them to become the most popular in the world within five years.
The IAMI said the markets were key to the success of the auto industry.
“There is a lot of attention on the cities where there are more car manufacturers.
The markets have a lot to offer, and are the best places to get a taste of luxury cars,” said Anand Prakash, the association’s managing director.
The cities where they are the biggest are Mumbai, Delhi, Bangalore and Hyderabad.
Mr Prakas said that in the last five years, India has become a top exporter of cars.
In 2016-17, India exported an average of 1.2 million vehicles per annum, up from 1.1 million in 2015-16, he said.
The number of vehicles imported into India rose by over 3,000 per cent in the first six months of the year.
Indian Automobile Federation (IAF) chief executive officer and former chief executive of India’s Hyundai Motor Corporation (HMCC) Gyanendra Singh said that despite the boom in car manufacturing in India, there are still challenges ahead.
India has a massive automobile market with a global capacity to make 1.5 million vehicles a year, he added.
“We are at a critical point in our history as a country, and we are seeing an increase in the demand for vehicles,” Mr Singh said.