New Delhi, May 27 -- India continues to occupy a pivotal position in the strategic planning of international automotive manufacturers, driven by demographic advantages and economic growth, according to a comprehensive analysis released Tuesday by Moody's Ratings.

The credit rating agency projects sustained expansion in the country's automotive sector while identifying significant obstacles to electric vehicle penetration.

The research forecasts India's automobile sales will expand at a compound annual growth rate of 3.5 percent through 2030, representing the highest growth trajectory across Asian markets.

This expansion could propel total vehicle sales to 5.1 million units by the decade's conclusion, reflecting the substantial untapped...