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πŸ“° News ⏱ 2 min
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Key Points

5 points
1

Contribution: >22.75 lakh crore rupees to GDP.

2

Employment: >30 million people linked to the sector.

3

Tax: ~15% of national Goods and Services Tax comes from auto sales.

4

Record sales across passenger cars, two‑wheelers, three‑wheelers, and commercial vehicles.

5

Electric vehicle registrations up 24.7%; E20 gasoline vehicles now standard.

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Summary

It supports more than 30 million jobs directly and indirectly and provides about 15% of the nation's Goods and Services Tax revenue.

Vehicle sales reached record levels: 4.6 million passenger cars, 21.7 million two‑wheelers, and strong growth in three‑wheelers and commercial vehicles.

Electric and E20‑compatible vehicles are expanding, with electric vehicle registrations rising 24.7% and government programmes encouraging the shift.

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New Words to Learn

7 words
Society of Indian Automobile Manufacturers
the group that represents companies that make cars and other vehicles in India
lakh crore
a huge number; one lakh crore equals 100 billion
Goods and Services Tax
a tax that the government collects on most purchases
E20‑compatible
gasoline mixed with 20% ethanol, a cleaner fuel
decarbonisation
reducing carbon emissions to help the environment
impetus
a strong encouragement or push
registration
the official process of recording a new vehicle
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