24/05/2024
Accelerate Your Portfolio with SBI Automotive Opportunities Fund
INVEST NOW!
https://sbimfinitiatedtrxn.page.link/BL1Es2K3v1S63FAh7
India's automotive industry is rapidly expanding, driven by increasing per capita income and a young, growing working-age population. As the 4th largest automobile market globally by domestic sales and the 3rd largest by production, India's automotive sector contributes 7.1% to the GDP as of February 2023, up from 2.8% in 1992. The auto ancillary sector's turnover has also surged from $39.05 billion in FY2016 to $69.70 billion in FY2023.
Key Investment Opportunities:
• Income Growth: India has only 34 cars per 1000 people, compared to 860 in the US, 627 in Germany, and 223 in China.
• Industry Growth Projections: Projected growth from $117 billion in 2023 to $188 billion by 2029.
• EV Market Evolution: Expected expansion from $5.61 billion in 2023 to $37.7 billion by 2028.
• Vehicle Credit Expansion: Vehicle finance, a significant loan segment, has a total loan book of ₹15 trillion.
• Government Policies and Initiatives: Schemes like PLI, 100% FDI, AMP 2016-26, Vehicle Scrappage Policy, and FAME are set to drive growth and innovation.
Who Can Look to Invest:
• Growth-Oriented Investors: Those aiming to incrementally allocate towards growth opportunities within their overall equity portfolio.
• Long-Term Automotive Growth Enthusiasts: Investors seeking to capitalize on the long-term growth potential of automotive demand in both domestic and international markets.
• Quality Stock Portfolio Seekers: Individuals looking to invest in a well-researched portfolio of quality stocks focused on the automotive theme.
All information contained herewith is provided for reference purpose only. NSE Indices Limited (formerly known as India Index Services & Products Limited-IISL) ensures accuracy and reliability of the above information to the best of its endeavors.
INVEST NOW!
https://sbimfinitiatedtrxn.page.link/BL1Es2K3v1S63FAh7