Indian Auto Component Industry clocks highest-ever turnover of US$ 69.7 billion, grows 33% in FY 2022-23.
US$ 300 billion
Value of the Auto Components industry
2.3%
Contribution to GDP
US$ 80.8 Billion
Size of Indian Original Equipments Manufacturers ( OEMs)
5 mn
Direct & indirect employment
100%
foreign investment allowed under the automatic route.
US$ 300 billion
of auto-components exports targeted by industry by 2026.
40%
of global engineering and R&D activities are located in India.
US$ 35.40 billion
FDI inflow into Indian automotive industry during the period Apr 2000-Sept 2023
Electric
growing capacity in electric mobility offers opportunities.
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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
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