India’s annual production of automobiles in FY21 was 22.65 million vehicles, and 13 million vehicles were produced between April-October 2021

World's largest

Manufacturer of two-wheelers and three-wheelers in the world

7.1%

Contribution to GDP

4.7%

Contribution to total exports of the country

37 million

Employment generated

US$ 33.77 bn

Foreign investment received between April 2000 to September 2022.

47,61,487

Export of total number of automobiles in 2022-23

$50 Bn

Market size for the financing of EVs in 2030

100%

FDI permitted through an automatic route in the auto industry.

5X

hike in exports targeted by the Indian auto sector in the coming years.

Department of Heavy Industry

011-23062365

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The Department promotes engineering industry, heavy electrical, industrial machinery and auto industry.

Society of Indian Automobile Manufacturers

011 – 24647810 -12

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Apex industry body representing leading vehicle and vehicular manufacturers in India.

Automotive Component Manufacturers Association of India

080 2570 2855

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A body which represents the automotive component industry.

Automotive Research Association of India

+91-020-30231111

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Authorized testing and certifying agency.

National Automotive Testing and R&D Infrastructure Project

+ 91-11-49215555

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National Automotive Testing and R&D Infrastructure Project (NATRiP), is a fully Government of India funded project with a total project cost of Rs.37.3 billion.

Investment Opportunities

  • Export of automobiles registers a growth of 35.9% from 2020-21 to 2021-22.
  • Hyundai Motor India's first rollout from new plant likely to be electric SUV, in 2025.
  • Export Market - As many as five auto hubs across India to be further developed to increase export.
  • R&D - India's research and academic institutions are leading activity in disruptive mobility solutions.

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

Chinese automakers may be interested in India’s EV push

March 26, 2024

By virtue of India’s decarbonisation efforts and consequent thrust towards …

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E-Mobility to get a boost from Government’s INR 500 Crore Scheme

March 15, 2024

India’s Ministry of Heavy Industries unveiled the E-Mobility Promotion Scheme …

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VC Activity to be driven by scaled startups in 2024: Report

March 14, 2024

Startups that secured funding during the flourishing periods of 2020 …

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