The automobile industry in India contributes 5% to GDP and manufactures over 11 million vehicles annually. It provides direct and indirect employment to over 13.1 million people. Major players include Tata Motors, Maruti Suzuki, and Hyundai Motors. The industry has grown significantly since economic liberalization in 1991 and FDI being allowed in 1996, which led to investments from companies like Hyundai and Honda. Exports have also increased substantially over the past decade across various vehicle categories like passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers. The industry faces challenges in achieving faster development cycles, developing cost-effective solutions, and meeting quality and safety requirements.