New Delhi, March 26 -- India's automobile sector has undergone a significant transformation in recent years, driven by the government's Make-in-India initiative, according to an official statement released on March 25.

The push for local manufacturing has particularly boosted the electric vehicle (EV) segment, with 4.4 million electric cars registered by August 2024. This growth has propelled EV market penetration to 6.6 per cent, showcasing the country's increasing focus on sustainable mobility.

"Over the past decade, policy reforms, fiscal incentives, and infrastructure development have positioned India as a key global automotive hub," the statement said.

These measures have led to increased investments, technological innovation, and...