Automobile Industry in India

India ranked 1st in the world market in terms of unit production for 2 wheelers, 3 wheelers and tractors.

Advantage India

Growing
Demand

* Rising middle class income and a huge youth population will result in strong demand.

* In January 2022, total production of passenger vehicles*, three-wheelers, two-wheelers and quadricycles reached 1,860,809 units.

Growing Demand

Opportunities

* India could be a leader in shared mobility by 2030, providing opportunities for electric and autonomous vehicles.

* Focus is shifting to electric vehicles to reduce emissions.

* The electric vehicles industry is likely to create five crore jobs by 2030.

Opportunities

Rising
Investment

* The automobile sector received cumulative equity FDI inflow of about US$ 30.78 billion between April 2000 and September 2021.

* The Government of India expects automobile sector to attract US$ 8-10 billion in local and foreign investments by 2023.

Rising Investment

Policy
Support

* In September 2021, the Indian government issued notification regarding a PLI scheme for automobile and auto components worth Rs. 25,938 crore (US$ 3.49 billion).

* Automotive Mission Plan 2016-26 is a mutual initiative by the Government of India and Indian Automotive Industry to lay down the roadmap for development of the industry.

Policy Support
Last updated: May, 2022

Automobile Clusters

  • Mumbai-Pune-Nashik-Aurangabad
  • Chennai-Bengaluru-Hosur
  • Delhi-Gurgaon-Faridabad
  • Kolkata-Jamshedpur
  • Sanand-Hansalpur-Vithalpur
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