India’s Foremost Trade & Investment Magazine

India: An emerging global manufacturing hub for the auto industry

Cover Feature/Auto, August 2017
by Ratika Jain
From a non-existent base 40 years ago, the Indian auto industry has come a long way, writes an industry expert.

Today, India is one of the largest auto industries in the world with an annual production of 25.3 million vehicles, significantly above conventional automotive superpowers such as the US (17.5 million vehicles) and the EU (12.6 million vehicles). The sector directly contributes $97 billion to the Indian economy with automobiles contributing $58 billion and the automotive component sector contributing $39 billion.