India has emerged as a global hub for the R&D and manufacturing of next-gen automobile components.
US$ 13.3 bn
Current valuation of exports
Contribution to GDP
US$ 6.5 bn
turnover in FY22
Direct & indirect employment
foreign investment allowed under the automatic route.
US$ 300 bn
of auto-components exports targeted by industry by 2026.
of global engineering and R&D activities are located in India.
US$ 46 bn
valuation of industry in India
growing capacity in electric mobility offers opportunities.
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to introduce the Production-Linked Incentive (PLI) Scheme in the following 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat.
The Government approved the Production Linked Incentive (PLI) Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage' for achieving manufacturing capacity of Fifty (50) Giga Watt Hour (GWh) of ACC for enhancing India's Manufacturing Capabilities with a budgetary outlay of ₹ 18,100 crore.
The main objective of the scheme is to encourage faster adoption of electric and hybrid vehicle by way of offering upfront incentive on purchase of electric vehicles and also by way of establishing a necessary charging Infrastructure for electric vehicles. The scheme will help in addressing the issue of environmental pollution and fuel security.
The following Phased Manufacturing Programme (PMP) is notified with the objective of development of domestic manufacturing of electric vehicles, its assemblies/sub-assemblies, and parts/sub-parts, thereby increasing the domestic value addition and creating employment opportunities.
The amendment proposes that the amount payable for the charging of Electric Vehicles will be subject to the Tariff policy as part of Section 3 of the Electricity Act 2003. The tariff will be combination of the average cost of supply and fifteen percent unless indicated otherwise.
080 2570 2855
91 – 11 – 24647810 -12,
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments
Bosch has 18 manufacturing sites and 7 development and application centres in India
AISIN mainly exports for Toyota in Europe and Suzuki in Thailand from its manufacturing facilities in India
Delphi has 4 manufacturing facilities in India and supplies to Maruti Suzuki India Limited, General Motors India, Volvo etc.
DENSO has a manufacturing facility, 7 R&D centres and employs 4,000 employees in six group companies
Magneti Marelli manufactures in India and supplies to all the leading car manufacturers
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments
S Jaishankar, the Minister of External Affairs, highlighted the paramount …Read More
Manufacturing, electric vehicle, and engineering sectors, along with the offshore …Read More