♦ NITI Aayog Vice Chairman, Suman Bery launched a report titled “Automotive Industry: Powering India’s Participation in Global Value Chains” on 11 April 2025.

♦ 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.

Highlights:

♦ In 2023, global automobile production reached approximately 94 million units.

♦ The global automotive components market was valued at USD 2 trillion, with the export share reaching approximately USD 700 billion.

♦ India has emerged as the fourth-largest global producer after China, USA and Japan, with an annual production of nearly 6 million vehicles.

♦ 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 $145 billion, with exports tripling from $20 billion to $60 billion.

♦ This growth would lead to a trade surplus of approximately $25 billion and a significant increase in India’s share of the global automotive value chain, from 3% to 8%.