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India sees auto industry growing to up to $285 bilion by 2026

Reuters
An employee works on the body of a Mercedes-Benz GLA car at the company's vehicle assembly plant in Chakan, outside Pune, India, June 11, 2015. REUTERS/Danish Siddiqui/Files (Reuters)

MUMBAI (Reuters) - The Indian auto industry is expected to grow as much as four times from its current value to hit 18.9 trillion rupees ($285 billion) by 2026, assuming the economy grows at 7.5 percent over the next decade, a government report said on Wednesday. The report, published by the department of heavy industries, said the auto sector would account for more than 12 percent of India's gross domestic product (GDP) and 40 percent of its manufacturing sector by that date. ($1 = 66.2550 rupees) (Reporting by Aditi Shah; Editing by Rafael Nam)