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    India’s fast expanding automobile industry, which now accounts for 8% of the Gross Domestic Product (GDP) and provides direct and indirect employment to around 19-million people, is all set to become India’s sunrise sector. The Indian automobile industry, one of the key drivers of the Indian economy, is currently the sixth largest producer in the world with an output of 21.48-million vehicles in 2013-14 that constitutes 22% of the country’s manufacturing GDP. Everything going as planned, Indian automobile industry is set to become the third largest in the world –behind US and China—by 2016.Indeed, as pointed out by R.C. Bhargava, Chairman of Maruti Suzuki, which sells one in every two cars bought in the country, India has all the potentials for the kind of growth needed to become the third largest automobile market. The Make in India initiative of the Indian Prime Minister Narendra Modi is being exploited to give a quickening impetus to....