00:00Primus Partners has come out with its second edition of the India Automobile Value Report
00:04and we have some very interesting findings.
00:07Number one finding is that our value of the automobile industry is growing at a much faster
00:12rate than the volume and this is very, very good news for the industry.
00:19The Indian industry has become a very important player in the global scheme of things and
00:24we are number three behind US and China.
00:28We have already overtaken traditionally very strong automobile countries like Germany and
00:34Japan and this finding that our industry is growing at a faster rate in terms of value
00:45cements this position.
00:49Now let's come down to what has happened as far as the value growth is concerned.
00:55The automobile industry grew by about 10% in volume for four wheelers, commercial vehicles
01:03and two wheelers put together while the value grew by almost 19%.
01:11So this is almost double the rate of growth compared to last year.
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