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Due to the stiff competition happening in the Indian automotive market, owning and driving a luxurious car is no more just a dream. The contributions from domestic and overseas players have resulted in the booming of this segment, generating constant momentum.
Producing more than 5 million cars and commercial vehicles yearly, the Indian automotive industry is emerging as a major automotive industry globally.
According to statistics, India is among Asia’s largest automotive market that is witnessing an exponential growth generating numerous job and business opportunities for the Indian citizens.
Chandigarh Emerging as an Automobile Territory
Chandigarh has witnessed a drastic rise in the regional automobile industry in the last few years. The incredible growth of this industry is generating numerous business opportunities for automobile investors, making Chandigarh a great place for establishing a business under this segment.
Chandigarh has welcomed all sorts of automobiles like pickup trucks to passenger cars that have registered an incredible growth in the local territory.
Opportunity for Luxury Car Segment
Among the various automobile segments available in India, the luxury car segment is getting popular and widely accepted in the Chandigarh region. The tag of being one of the wealthiest cities in India is somewhere contributing towards the booming of the luxurious car segment in Chandigarh.
The economic condition of Chandigarh is predicted to be very strong that has provided its residents the power to spend money on expensive vehicles.
Therefore, the economic condition of Chandigarh makes it a lucrative location for establishing an automobile business that would be hugely appreciated and accepted in the region, bringing sales and profit for the business.
The Rupee Dollar Disparity
Believe it or not but the rupee-dollar disparity could be included among several factors that make Chandigarh a lucrative automobile business location. Most of the people residing in Chandigarh have NRI relatives that send money from abroad.
The money that is often sent in dollars that are invested in buying cars because of the rupee-dollar disparity that makes Chandigarh a profitable location for an automobile business.
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Those who want to start their own business or take up franchisees can join in the FRO 2019, happening in Chandigarh on 19-20 January, to know more about the franchise business, financial advice, and business advice from the experts. Meet the investors personally and participate to change the small world of business.
