The industry is expected to reach US$ 200 billion by FY26

US$ 15 bn

Current valuation of exports

7.1%

Contribution to GDP

US$ 57 billion

Market size (FY21)

5 mn

Direct & indirect employment

100%

foreign investment allowed under the automatic route.

US$100bn

of auto-components exports targeted by industry by 2026.

40%

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

2.3%

of India's GDP currently and is set to become the 3rd largest globally by 2025.

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

  • 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

News

PE investment for EVs to cross US$ 1 bn this year

October 31, 2022

Backed by the rise of new policy initiatives, increasing fossil …

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Auto component sector to see 9-11% revenue from EV parts by 2027: Crisil

July 27, 2022

India’s auto component industry is expected to witness 9-11% of …

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Auto sector to create 1 cr jobs in 5-6 years, exports jump 26% in Apr-June

July 20, 2022

The automobile sector in India will create at least 1 …

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Events