The Indian Auto component industry, currently estimated at US $63 billion industry, is expected to "triple" in less than eight years time to US $17 billion by 2012.The Indian auto industry with a turnover of US $ 12 billion and the auto parts industry with a turnover of US$ 3 billion offer scope for FDI
There is no restriction on foreign direct investment in automobile sector. 100% FDI is allowed in this sector