Indian automobile industry is fast recovery from a slumping phase. It has lied low for a couple of years but now it is awake and growing. The analysts have been taken for a surprise with the growth and this trend is likely to grow steeper for the next few years. This is a fantastic opportunity for any automobile company that has eyed India for expansion and Altius Finserv mustbe your obvious choice for handling your investments and finances.
India produced 21.48 million vehicles in the financial year 2013-2014. The automobile sector accounts for about 22% of the country’s GDP. As per analysis, about 70% of Indian population will be in the age group of 18-50 years. That’s a huge number of people entering the work force. This means there will be a surge in the sales of automobiles in India, be it cars, two-wheelers, or commercial vehicles.
This lucrative sector has already had FDI worth US $ 12,232.06 million. There is a demand and supply gap which needs to be bridged. Many automobile companies have already started production of their vehicles in India. The market is diversified and has customers’ demands ranging from economic vehicles to premium luxury rides. Be it German, American or Japanese; every famous automobile giant has eyed Indian market. So if you too are doing the same but are worried about your finances and investors, Altius Finserv will tackle your problems.
Altius Finserv Private Limited, under the aegis of Pawan Bansal as the Managing Director and Karan Bagga as the Executive Director is a boutique investment banking firm offering financial advisory services like debt syndication, public offerings, private placements, spin-offs and restructurings.
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