20,000 Auto Fasteners & Hardware Gm, Ford, Chrysler, Toyota, Honda

In July 2010, The Economic Times reported that PSA Peugeot Citroën was planning to re-enter the Indian market and open a manufacturing plant in Andhra Pradesh that may have an annual capacity of a hundred,000 vehicles, investing €700M in the operation. Citroën entered the market in 2021 with their first offering being the Citroën C5 Aircross. 2007 Mahindra Scorpio in service with Italy’s CNSASIndia’s automobile exports have grown constantly and reached $4.5 billion in 2009, with the United Kingdom being India’s largest export market, adopted Automotive news by Italy, Germany, the Netherlands, and South Africa. Auto Expo 2014, NoidaIndia levies an import tax of 125% on overseas imported vehicles, while the import tax on parts such as gearboxes, airbags, drive axles is 10%. The taxes are intended to encourage cars to be assembled in India rather than be imported as fully built units.