India is the world's largest manufacturer of two-wheelers, which account for more than 75% of the country's total automotive production. In 2023, the industry was valued at $16.63 billion and is expected to grow at a compound annual growth rate (CAGR) of 10.29% from 2024 to 2029. By 2032, the industry is projected to grow to $411.86 billion, with a CAGR of 3.50% from 2024 to 2032.
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