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India's auto component industry to hit USD145 billion by 2030
The Sunday Guardian
|April 13, 2025
India's top policy think tank body NITI Aayog has envisioned the country's automotive component production growing to USD 145 billion by 2030, with exports tripling from USD 20 billion to USD 60 billion.
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"NITI Aayog's vision for India's automotive sector by 2030 is ambitious yet achievable."
The report envisions the country's automotive component production growing to USD 145 billion, with exports tripling from USD 20 billion to USD 60 billion," the think tank body added in a release.
NITI Aayog has released an insightful report titled "Automotive Industry: Powering India's Participation in Global Value Chains".
This report offers an extensive analysis of India's automotive sector, highlighting both opportunities and challenges, and outlining a pathway for positioning India as a key player in global automotive markets.
NITI Aayog's report outlines several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
This story is from the April 13, 2025 edition of The Sunday Guardian.
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