Automotive Industry of India
Automobiles have been one of the steadiest performing sectors in India. Buoyed by a strong economy, rising income, rapid urbanization and improving infrastructure, this sector is expected to remain a consistent growth driver for the foreseeable future.
India offers attractive investment opportunities in the automobile sector as both its domestic demand and exports are expected to grow rapidly, supported by strong fundamentals and government’s incentives under various schemes, including ‘Make in India’.
Why Invest in India
Strong growth in production, registered a CAGR of 6.9% between 2014 and 2019
Expected to become the 3rd Largest automotive market by volume in 2026
5 clusters spread across India, Ideal to meet local demand and exports
‘Automotive Mission Plan, 2026’ targets 35-40% of total production towards exports
Investment friendly infrastructure and regulations. 100% FDI allowed under the automatic route
Leading sourcing hub for over 40 global OEMs. Attractive incentives for manufacturers