Automotive

Funds are basically invest in equity related companies engaged in automotive and allied business activities theme. Advisable for more than 5 years. In US per 1000 persons having cars around 860, in Germany 627, and China 223. But in India still 34 persons having cars per 1000 persons. The automotive industry in India is projected to grow from $117 billion in 2023 to US $ 188 billion by 2029. The auto components sector currently stands at US$ 71 billion is expected to reach $130 billion by FY29. Indian EV market is predicted to emerge from $5.61 billion to $37.7 billion by 2028.