India – fastest growing
major economy
Largest Economy
in the world (2023)
largest Passenger Vehicle Market in the world
Two-wheeler markets in the world
Rapid GDP Growth
Growth rate of 7.2% in FY23,
6-7% YoY growth for next 3 years
Young Skills and Talent
522 Mn working population with a median age of 28 years – with 1.8 Mn graduating engineers
3rd Largest Economy by 2030
Expected to reach USD 37 Tn
by 2047 from USD 3.75 Tn (2023)
3rd Largest Startup Ecosystem
107 unicorns with combined
evaluation of over USD 340 Bn
Rising Per Capita Income
Expected to reach USD 26,000
by 2047 from USD 2,350 (2023)
Towards Net Zero
India’s long-term goal of
reaching net-zero by 2070
India – A Global Automotive and Mobility Hub
Largest three-wheeler manufacturer in the world
2nd largest two-wheeler manufacturer in the world
3rd largest heavy truck (commercial vehicle) manufacturer in the world
4th largest passenger vehicle manufacturer in the world
USD 151+ Billion
Indian automotive
Industry
5 Million
In Annual Production (Metric ton) target by 2030 for the Fuel of Future - Green Hydrogen
35
State of the Art Multi-Modal Logistics Parks planned for efficient logistics connected via digital platforms
Opportunity India – The Indian Promise
USD 3.5 Billion
Production Linked Incentive Scheme for Automobile and Auto Components
USD 2.3 Billion
Production Linked Incentive Scheme for Advanced Chemistry Cell Battery Storage
100 % FDI
Allowed under the automatic route
USD 388 Million
In government funds to develop National Automotive Testing and R&D Infrastructure Project (NATRiP) to increase R&D and testing
To know more about the Auto Components
Industry, download the report
Auto Components Industry Report
Aug, 2023
To know more about the Automobile
Industry, download the report
Auto-Mobile Industry Report
Aug, 2023