Trademark Services for Vehicle Products
The automobile sector plays a significant role in the growth of the Indian economy. In the present scenario, India’s automotive sector is the seventh largest automotive sector in the world. Significantly, the automotive industry of India covers the manufacturing of diverse vehicles or automobiles moving on land and various automobile components. According to an economic perspective, today the contribution of the automotive sector to the GDP growth of the nation is 7%, which is expected to touch 12% by the year 2026. A notable thing is that the auto component industry of India grew with a CAGR of 14% during the period 2006-16, and the exports of these components from India reached above US$ 10 billion from the level of just above US$ 3 in 2005-06. The notable thing is that today India is the largest manufacturer of tractors in the world, the second-largest manufacturer of two-wheelers, and the fifth-largest manufacturer of passenger and commercial vehicles. Ther...