NITI Aayog's Vision for India's Auto Industry
ECONOMY & POLICY

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030.

India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill development, and strategic collaborations, focusing on infrastructure, R&D, and technology integration.

With a vision to increase India’s share of the Global Value Chain (GVC) from three per cent to 8 per cent by 2030, the report proposes fiscal interventions like R&D incentives, skill development programs, and operational expenditure support. Additionally, non-fiscal measures such as the promotion of Industry 4.0 and international collaborations are outlined to enhance global competitiveness.

The growth forecast includes tripling exports to $60 billion and creating 2-2.5 mn new jobs. Through focused efforts, India is set to emerge as a global automotive hub, powered by innovation, sustainability, and a thriving manufacturing ecosystem.

NITI Aayog has launched the report titled Automotive Industry: Powering India’s Participation in Global Value Chains, offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill development, and strategic collaborations, focusing on infrastructure, R&D, and technology integration. With a vision to increase India’s share of the Global Value Chain (GVC) from three per cent to 8 per cent by 2030, the report proposes fiscal interventions like R&D incentives, skill development programs, and operational expenditure support. Additionally, non-fiscal measures such as the promotion of Industry 4.0 and international collaborations are outlined to enhance global competitiveness. The growth forecast includes tripling exports to $60 billion and creating 2-2.5 mn new jobs. Through focused efforts, India is set to emerge as a global automotive hub, powered by innovation, sustainability, and a thriving manufacturing ecosystem.

Next Story
Real Estate

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie.   Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Next Story
Equipment

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision.  Hussain S..

Next Story
Infrastructure Energy

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?