Table 9 Identification of risks through literature review.

1

R1

Inconsistent government policies^42,43

2

R2

Rupee devaluation against foreign currencies^44,45

3

R3

High/multiple taxation^5,44,46

4

R4

High production cost⁴⁷ of locally assembled vehicles compared to other markets⁴⁵

5

R5

No local manufacturing^42,44,45,48

6

R6

Less number of vendors⁴²

7

R7

Supply and demand issues⁴⁴

8

R8

Oligopoly^44,49

9

R9

Lack of skilled manpower^42,44

10

R10

Brand-loyal automotive market⁴⁸

11

R11

Price sensitive market⁴²

12

R12

COVID-19^44,45