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

5 Million

In Annual Production (Metric ton) target by 2030 for the Fuel of Future - Green Hydrogen


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

To know more about the Automobile
Industry, download the report

To know more about the construction equipment(CE) industry, download the report

India Tech capabilities for Automotive and Mobility segment, download the report