The Indian auto market recently became the third largest in the world
It grabbed this spot by overtaking Japan
Around 2.7 crore vehicles were manufactured in the country in FY23, a Primus Partners' report revealed
India's vehicle production jumped across segments and types in FY23
The worth of the total manufacturing stood at $108 billion
Two-wheelers were the dominant segment with around 2 crore units manufactured
Commercial vehicles accounted for 10 lakh in production
Mid-size and full-size SUV sub-segments accounted for over half of the value
The compact sub-segment created 25 per cent of value