• Global Position & Export Goal:
    India is the 4th largest auto producer, with $20B in component exports, aiming for $60B by 2030 to boost its global share.
  • Economic Role:
    Contributes 7.1% to GDP and 49% of manufacturing GDP; supports 3M jobs, with potential for 2–2.5M more by 2030.
  • Government Push & Tech Adoption:
    Schemes like PLI and FAME-II drive growth; the sector is leading in AI, battery tech, and Industry 4.0.
  • Key Challenges:
    Faces cost disadvantage, low share in precision parts, import dependence, and skill gaps in EV tech.
  • Future Strategy:
    Focus on scaling production, smart clusters, R&D, trade deals, and auto-specific skilling programs.