The industry currently manufactures 25 mn vehicles, of which 3.5 mn are exported. India holds a strong position in the international heavy vehicles arena as it is the largest tractor manufacturer, second largest bus manufacturer and third largest heavy trucks manufacturer in the world.
The sector attracted $ 17.9 bn FDI between April 2000 and September 2017; accounting for 5% of the total FDI inflows.
100% FDI allowed under automatic route
For further details, please refer FDI Policy
Share in India's GDP
Employment generated
Share in global R&D
Share in India's exports
World's largest tractor manufacturer and second largest bus manufacturer
World’s largest two-wheeler and three-wheeler manufacturer
World’s third largest heavy truck manufacturer and fourth largest car manufacturer
The industry is expected to reach 135 bn by 2020 and 300 bn by 2026 at a CAGR of 15%.
The sub-sectors contribution to the overall market in 2017-18:
India's rapidly growing five auto hubs have a significant potential to be used as a base for export to South East Asia (SEA) and Middle East and North African (MENA) regions.
In April-March 2018, overall automobile exports increased by 16.12%. Two and Three Wheeler Segments registered a growth of 20.29% and 40.13% respectively.
Maruti Suzuki India has invested INR 4 cr to establish a Center of Excellence at ITI, Becharaji, Gujarat to provide technical skill development to the students. Spread over 11,800 sq ft is equipped with Maruti Suzuki Basic Training lab, Safety Simulation hop, and Finishing schools for Weld shop among other workshops and has a capacity for 150 trainees.
South Korean Hyundai Motor Company and Kia Motors Corporation will invest $ 300 mn in ride hailing platform Ola to build unique fleet and mobility solutions as well as building India specific EV and infrastructure.
Mahindra Electric Mobility opened its electric technology manufacturing hub set up with an investment of INR 100 crore in Bengaluru.
Hyundai Motor India Limited (HMIL) will be making an investment of INR 7,000 crore at its Chennai plant — for increasing production capacity by 100,000 units per annum as well making 10 new models between now and 2025, including electric vehicles.
Amara Raja Batteries setting up $ 94.7 mn plant
Honda to invest $ 1,244.2 mn, largest for India car business
MG Motors India is looking to invest $ 735.5 mn in product development, plant, marketing & electric vehicles
The Government's vision of 100% electrical mobility by 2030.
Offers tax benefits and discounts on replacing old vehicles with new ones
India aims to reduce its carbon footprint by 33-35% by 2030
Reduction in the overall cost structure of Indian Automobile industry.
National Automotive Testing Research & Development Infrastructure Project
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No, as per scheme guidelines, incentive will be on reimbursement basis only after submission of claim. This claim required to be submitted only after sale of vehicles.
For more information, please visit the following link.
The following categories are not covered under the FAME scheme:
a) E-Rikshaw
b) Electric Bicycles.
c) Vehicles used for carrying person/goods used within closed premises like factory, airport etc.
d) Electric Chair-cars.
All those vehicles, which are not directly reducing fossil fuel, are not covered under FAME India Scheme.
For more information, please visit the following link.
Demand incentive under FAME India scheme is available only to vehicles that are regulated by the Central Motor Vehicle Rules (CMVR) and meet other qualifying criteria laid out in the FAME scheme. As such these vehicles meet all the safety regulations as applicable in the country.
For more information, please visit the following link.
No, there is no such condition in the present guidelines.
For more information, please visit the following link.
The fact is that a typical conventional hatchback has 130-140 gm/km of CO2 emission comparing to an electric vehicle for 100 gm/km when charged by grid and when solar charged, there is ~0 gm/km CO2 emission from an electric vehicle.
Please visit the link for more information.
By: Invest India
By: Invest India
By: Invest India
By: Invest India
By: Invest India
By: Invest India
By: Sanchi Padia
By: Preet Deep Singh
By: Yash Gandhi
By: Anusha Agarwal
