India Charts GVC Roadmap to Boost Global Role in Auto Industry
ECONOMY & POLICY

India Charts GVC Roadmap to Boost Global Role in Auto Industry

NITI Aayog has released a detailed report titled “Automotive Industry: Powering India’s Participation in Global Value Chains”, outlining a strategic path to elevate India’s role in global automotive manufacturing. Launched on 11 April 2024, the report highlights that while India contributes 7.1 per cent to global GDP through its automotive sector and ranks fourth in vehicle production, it holds just three per cent share in global auto component trade.

The Vision 2030 roadmap targets: – Rs 12 trillion production output – Rs five trillion in exports – 2 to 2.5 Mn new jobs

The report calls for increased investment in EVs, smart manufacturing, and green mobility, backed by schemes like FAME, PM E-Drive, and the PLI scheme. These programmes have mobilised over Rs 660 billion in support of localisation and clean technologies. India aims to increase its global trade share in auto components to eight per cent by 2030 by addressing cost disadvantages, enhancing R&D capacity, and promoting digital integration. The report underscores that with focused execution, India can emerge as a high-value automotive hub, shifting from traditional low-cost production to global innovation leadership.

Source: PIB Delhi, NITI Aayog

NITI Aayog has released a detailed report titled “Automotive Industry: Powering India’s Participation in Global Value Chains”, outlining a strategic path to elevate India’s role in global automotive manufacturing. Launched on 11 April 2024, the report highlights that while India contributes 7.1 per cent to global GDP through its automotive sector and ranks fourth in vehicle production, it holds just three per cent share in global auto component trade. The Vision 2030 roadmap targets: – Rs 12 trillion production output – Rs five trillion in exports – 2 to 2.5 Mn new jobs The report calls for increased investment in EVs, smart manufacturing, and green mobility, backed by schemes like FAME, PM E-Drive, and the PLI scheme. These programmes have mobilised over Rs 660 billion in support of localisation and clean technologies. India aims to increase its global trade share in auto components to eight per cent by 2030 by addressing cost disadvantages, enhancing R&D capacity, and promoting digital integration. The report underscores that with focused execution, India can emerge as a high-value automotive hub, shifting from traditional low-cost production to global innovation leadership. Source: PIB Delhi, NITI Aayog

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code