Driving Global Automotive Manufacturing Hub
The developing nearness of worldwide vehicle Original Equipment Manufacturers (OEMs) in the Indian assembling scene has altogether expanded the localisation of their segments in the nation. India has turned into the favored outlining and assembling base for most worldwide Auto OEM’s for nearby sourcing and fares.
100% FDI permitted under programmed course
for more points of interest allude FDI Policy 2017
Features
Quickly developing Indian auto market to contact USD 300 bn by 2026
Fares to grow 5X by 2026
Indian Auto Components reseller’s exchange section anticipated that would achieve USD 32 bn by 2026
Industry Scenario
The USD 43.5 bn Indian auto part industry is required to develop to USD 200 bn by 2026.
The nearby business is developing at the fast rate of 14.3% pair with the parent OEM industry. Two greatest purchaser portions are the Passenger Vehicles and 2 Wheelers.
Fares esteemed at USD 10.9 bn; developing at the YoY rate of 3.1% to achieve USD 80 bn by 2026. Top 5 nations of Export include: – USA, Germany, Turkey, UK, Italy.
One of the greatest parts of this industry is the reseller’s exchange portion which is esteemed at USD 8.4 bn which is required to achieve USD 32 bn by 2026.
Development Drivers
Auto comp GD
India’s GDP commitment
2.3%
Work created
3 mn
Transmission, Steering parts % share
31%
Crossover and electric vehicles deal (by 2020)
6 mn in addition to
Key arrangements
Car Mission Plan (2016-26)
Imagines to create India as one of the best 3 car assembling, designing and fare center points on the planet with a turnover of $300 bn, produce 65 mn coordinate and aberrant occupations and contribute 12% of India’s GDP by 2026.
FDI Facts
Offer of aggregate FDI inflows
Hop in the auto part FDI from 2014-2016
FDI permitted in the area