Already buoyed by the success of its products in the Indian market, experts are pegging the investment figure that be flown into the Indian automobile market in the next four years to be close to $30 billion.

While companies like Daimler, Maruti Suzuki and Mahindra & Mahindra will lead the pack but the other auto majors will also play a major role in meeting the rising demand in the world's second fastest-growing market after China.

While the expansion will be made by most of the auto majors but it has also forced component makers like Amtek Auto and Bharat Forge to scale up their production capacities.

Vishnu Mathur, director-general at the industry lobby group Society of Indian Automobile Manufacturers said that the Indian auto majors will invest a whopping Rs. 80,000 crore in the next four years to expand their capacities in the domestic circuit.

According to the 2006-2016 Automotive Mission Plan devised by the Indian government the automobile industry will make a contribution of around 10% of the gross domestic product, which will be up 5% from the current level of 5%.