Snapshot

Leading global automotive manufacturing hub

The growing presence of global automobile Original Equipment Manufacturers (OEMs) in the Indian manufacturing landscape has significantly increased the localization of their components in the country. India has become the preferred designing and manufacturing base for most global auto OEMs for local sourcing and exports.

100% FDI allowed under automatic route

For further details, please refer FDI Policy

  • 2.3%

    Share in India's GDP

  • 3 mn

    Employment generated

  • 18.3%

    Industry growth rate

  • 1 mn +

    Hybrid & electric vehicles sale

A

The rapidly growing auto market in India is expected to reach $ 300 bn by 2026

B

Automotive aftermarket segment in India is expected to reach $ 32 bn by 2026

C

Auto Components industry exports to grow 5X in next 10 years

Industry Scenario

The $ 51.2 bn Auto Components industry in India is expected to grow to $ 200 bn by 2026.

Auto Components industry exports, which is currently valued at $ 13.5 bn, is expected to grow at an annual rate of 23.9% to reach $ 80 bn by 2026.  USA, Germany, Turkey, UK, and Italy are the top destinations for exports.

Aftermarket segment which includes tyre, battery, brake parts is expected to reach $ 32 bn by 2026 from $ 9.2 bn currently.

Growth Drivers

  • Expanding R&D hub

    India accounted for 40% of global engineering and R&D activities

  • Emerging global sourcing hub

    Proximity to markets such as ASEAN, Europe, Japan and Korea

  • Cost competitive

    Excise duty reduction in vehicles will spur demand

  • Sixth largest vehicles manufacturer in the world

    India expected to be the third largest market by 2026

  • Favorable trade policy

    100% FDI allowed and no restrictions on import-export

  • Open

    Automotive Mission Plan (2016-26)

    AMP aims to propel the Indian Automotive industry to be the…

  • Open

    Faster Adoption and Manufacturing of Hyb…

    FAME is intended to support the hybrid/electric vehicles mar…

  • Open

    National Auto Policy (Draft)

    This policy aims to increase contribution to GDP, exports an…

  • Open

    National Automotive Testing and R&D…

    It aims to create a testing, validation and R&D infrastr…

  • Open

    National Electric Mobility Mission Plan…

    To emerge as a leader in electric vehicle market globally by…

Investible Projects

Investment Opportunities in Auto Components

  • Projects

    8

  • Opportunity

    $942.5 mn

  • Promoters

    8

  • District

    7

  • Private Projects

    6

  • Govt. Projects

    2

open

$696.8 mn

Sanand Auto Cluster Project [Ahmedabad]

State (s) Gujarat
open

$125.6 mn

DELHI MUMBAI INDUSTRIAL CORRIDOR VIKRAM UDYOGPURI LTD.

State (s) Madhya Pradesh
open

$78 mn

The Invention Factory

State (s) Maharashtra
open

$15.6 mn

Fireya

State (s) Uttar Pradesh

Major Investors

Data on Map

Latest in Auto Components

  • Magazine

    A handbook of select global and Indian best practices on mobility

    READ NOW
  • Event

    MOVE Global Mobility Summit

    READ NOW
  • Infrastructure Project

    National Automotive Testing Research & Development Infrastructure Project

    READ NOW
  • Market Research

    Standing up India’s EV (Electric Vehicle) ecosystem – who will drive the charge?

    READ NOW
  • Policy Release

    National Auto Policy (Draft)

    READ NOW
  • Event

    21st International Conference on Hybrid & Electric Vehicles (Rome, Italy; 17-18 January 2019)

    READ NOW
  • Event

    Annual Electric Vehicle India Summit 2019, Delhi

    READ NOW
  • Event

    Electric Vehicle India Charging Conclave 2018 (New Delhi, 23-24 October)

    READ NOW

FAQ

Frequently
Asked Questions

  • What is National Automotive Board (NAB)?

    National Automotive Board provides a single platform for dealing with all matters relating to the automotive sector especially on matters pertaining to testing, certification, homologation, administering the automotive labs etc. being setup under NATRIP. The constitution of NAB, filling up of posts etc. is in progress.

    For more details, link. 

  • What is National Electric Mobility Mission Plan (NEMMP) 2020?

    The National Electric Mobility Mission Plan 2020 is one of the most important and ambitious initiatives undertaken by the Government of India that has the potential to bring about a transformational paradigm shift in the automotive and transportation industry in the country.

  • What is NATrIPs (National Automotive Testing and R&D Infrastructure Project)?

    NATrIPs is a unique joining of hands between the Government of India, a number of State Governments and Indian Automotive Industry to create a state of the art Testing, Validation and R&D infrastructure in the country. Presently there are 7 testing facilities finalised. They are:
    a) GARC Chennai, Tamil Nadu.
    b) iCAT Manesar, Haryana.
    c) NATRAX Indore, Madhya Pradesh.
    d) NCVRS Rae Bareli, Uttar Pradesh.
    e) NIAMIT Silchar, Assam.
    f) VRDE Ahmednagar, Gujarat.
    g) ARAI Pune, Maharashtra.

  • What is Automotive Mission Plan (AMP) 2016-2026?

    Automotive mission plan 2016-2026 targets India to be among the top three in the world for engineering, manufacturing and export of vehicles & auto components. You can find more details about achievements, vision and targets on the portal, link. 

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