India is a rich country in terms of iron and steel. Due to this, India is a leading exporting country of machinery, parts, and, most importantly, automobiles.

The year 2021 has seen significant growth in engineering goods exports. Engineering goods single-handedly have made India more than $53 billion in 2020-21 alone.

Because of the demand in markets of China, the USA, and the UAE, the demand for automobiles and equipment is only increasing.