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India is the 4th largest Automative industry in the world in terms of domestic sales and is set to become 3rd largest globally by 2025 along with being the 2nd largest manufacturer of two wheelers & bus, 3rd largest heavy truck manufacturer & largest tractor producer in the World. Despite such manufacturing supremacy, for every 1000 people, we have less than 50 cars in India.
This is where SBI Mutual Fund looks at an opportunity and hence presenting SBI Automotive Opportunities Fund, where the company will target to invest in automotive themed upcoming stocks. This will consist of various sub sectors such as OEMs (original Equipment Manufacturers), Auto Ancillaries, Auto exports, Electric Automotive, etc.
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