mumbai global automobile majors are not looking at setting up base in india for nothing in the first 11 months of this year over 10 million vehicles were produced in india a record this represents a 168 growth compared to the same period in 2005 according to data released by the society of indian automobile manufacturers siam total vehicle production was 10031886 compared with 8587131 vehicles produced in the previous year although the 10 million mark is just a benchmark figure it will put india at an advantage on a global scale growth in the local market represents the buying power of people which will attract more investments in the sector an analyst said reaching the 10 million mark in production plays an important role for automotive mission plan amp of the government to make india an automotive hub he added twowheelers continued to dominate with over 77 share of the production but grew slower than the automobile sector at 158 motorcycles and stepthroughs led the growth in twowheeler segment with a 20 rise in production passenger car production crossed the one million mark period with 1100799 units a growth of 186 over the previous year industry experts said this segment will continue to witness a robust growth for the next threefour years with most car manufacturers setting up new capacities which will come on stream by 200708while growth rates in the commercial vehicle segment are the largest around 30 the segment still contributes only around 44 of the vehicle production however the sector is expected to expand in the 2007 with the entry of new players like man international truck engine corporation and scania