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99	99	== Indian Automobile Industry ==
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101		-ndia’s automobile industry is the world’s fourth largest automobile market in terms of sales and production and is a top employment generator in the country. In the past few years, growth in the industry has been supported by robust economic activity and large-scale infrastructure development, a growing middle class population with increasing income and availability of financing options. The sector has benefitted from factors such as the availability of low-cost skilled labour, research & development support and a strong manufacturing supply chain. Being an attractive sector for investment, the industry has been a recipient of USD 23.89 billion FDI (between April 2000 and December 2019), amounting to 5% of India’s total FDI flows till date. The automotive industry, including automobile and component manufacturing, is projected to reach a market size of ` 16-18 trillion (USD 251-282 billion) by 2026.
	101	+India’s automobile industry is the world’s fourth largest automobile market in terms of sales and production and is a top employment generator in the country. In the past few years, growth in the industry has been supported by robust economic activity and large-scale infrastructure development, a growing middle class population with increasing income and availability of financing options. The sector has benefitted from factors such as the availability of low-cost skilled labour, research & development support and a strong manufacturing supply chain. Being an attractive sector for investment, the industry has been a recipient of USD 23.89 billion FDI (between April 2000 and December 2019), amounting to 5% of India’s total FDI flows till date. The automotive industry, including automobile and component manufacturing, is projected to reach a market size of ` 16-18 trillion (USD 251-282 billion) by 2026.
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103	103	=== Industry Performance ===
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129	129	The auto component industry has core capabilities to manufacture a variety of components. India manufactures several key auto components for customers in the US, EU and China. Furthermore, the gap between international and national regulations on safety and emissions has narrowed down considerably, bolstered recently by the enforcement of BS-VI emission norms from April, 2020. Asia, Europe and North America continue to be the key export destinations for Indian auto components.
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132	132	= Business Overview =
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134	134	Endurance Technologies Limited (ETL) is a leading automotive component manufacturer and the largest aluminium die casting manufacturer in India in terms of total output and capacity (as per the data from the Aluminium Casters’ Association of India).