The lithium-ion (Li-Ion) market of India reached US$ 2.5 billion last year and the market is expected to reach US$ 5.9 billion by 2028, registering a compounded annual growth rate (CAGR) of 14.8% during 2023-28.

According to Karnataka Industries Minister, TATA technologies to set up three common engineering facilities centres in Karnataka for Micro, Small & Medium Enterprises (MSME) and will require an investment of roughly US$ 243.6 million (Rs. 2,000 crore).

To increase engineering exports and hit the target of US$ 300 billion by 2030, a strategy paper created by Engineering Export Promotion Council (EEPC) India makes several recommendations, including pursuing new free trade agreements (FTAs) with developing nations in Latin America and Africa.

Cummins Group plans to invest US$ 1 billion in India over the next decade and recruit 4,000 staff as it shifts from fossil fuel engines to hydrogen and green energy options. Most of its Indian business is in Tata Cummins.

In FY 2021-22, India's tyre exports increased by 50% to an all-time high of Rs. 21,178 crore (US$ 2.72 billion), according to data from by the Ministry of Commerce and Industry.