Driving India's Growth: A Statistical Assessment of the Automotive Industry's Socio-Economic Impact

India is one of the largest Automotive Industry by its important position in the global automotive industry ($116.86 billion market value in 2023 FY, contributing 7.1% to GDP in 2024 FY and supporting extensive employment) directly through the manufacturing, sales and employment opportunities and also by being an enabler of mobility that supports the growth of other industries. The aim of this study is to understand the Automotive Industry through a volume of data on production, domestic and export sales and its correlation analysis, the changing lifestyle of its population along with the environment that aligns and intertwined with the Sustainable Development Goals(SDGs) for the period duration from the year 2018 to 2024. Further, the analysis extends to the financial dimensions of vehicle ownership, focusing on affordability, evolving lending mechanisms, and shifts in consumer preference across vehicle segments such as small cars, SUVs, MUVs, and luxury vehicles in recent years. A critical component of the study assesses the environmental consequences of rising vehicle sales, particularly in terms of air and noise pollution. Finally, the study evaluates the role of government interventions, regulatory frameworks, and environmental policies aimed at mitigating adverse environmental impacts, including the promotion of renewable energy vehicles, CNG vehicles, and battery electric vehicles. These aspects are examined using appropriate statistical tools to understand their effectiveness during the study period.