Auto Components industry turnover to reach US$ 200 bn by 2026

US$ 13.3 bn

Current valuation of exports

2.3%

Contribution to GDP

US$ 6.5 bn

turnover in FY22

5 mn

Direct & indirect employment

100%

foreign investment allowed under the automatic route.

US$ 300 bn

of auto-components exports targeted by industry by 2026.

40%

of global engineering and R&D activities are located in India.

US$ 46 bn

valuation of industry in India

Electric

growing capacity in electric mobility offers opportunities.

Automotive Component Manufacturers Association

080 2570 2855

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An apex body representing the interests of the industry.

Automotive Research Association of India

+91-020-30231111

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Research institute of the automotive industry with the Ministry of Heavy Industries & Public Enterprises.

Society of Indian Automobile Manufacturers

91 – 11 – 24647810 -12,

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Industry body representing the interests of automobile manufacturers.

Investment Opportunities

  • Auto Components industry in India is expected to grow to $200 Bn by 2026
  • India is the only major automobile producing nation that is witnessing steady growth in both domestic sales and exports.
  • R&D in battery technology, power electronics, motors, systems integration, battery management system and testing infrastructure.
  • PPP based industry investments in research and development of commercially viable technologies through a Hybrid Annuity Model.

Key Investors

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments

ENABLING ENVIRONMENT

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments

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