NITI Aayog Released a Report on "Automotive Industry: Powering India's Participation in Global Value Chains (GVCs).
National
In April 2025, the National Institution for Transforming India (NITI Aayog) released a comprehensive report titled "Automotive Industry: Powering India's Participation in Global Value Chains". This report is the second in the series on Global Value Chains (GVCs) and was launched by Suman Bery, Vice Chairman, NITI Aayog.
- The report delves into the transformative potential of India's automotive component industry and outlines a strategic roadmap to enhance India's role in the global automotive ecosystem.
- India has become the fourth-largest automobile producer globally, following China, the United States of America (USA), and Japan, with an annual production of nearly 6 million automobile units.
- The Indian auto industry produced over 28 million vehicles from April 2023 to March 2024, including Passenger Vehicles, Commercial Vehicles, three-wheelers, two-wheelers, and Quadricycles.
Main Point :- (i) India’s automotive industry contributes 7.1% to its Gross Domestic Product (GDP) and 49% to the manufacturing GDP.
(ii) India’s share in the global automotive component trade stands at around 3% (~USD 20 billion). The trade ratio of India’s auto components is nearly neutral (~0.99), with exports and imports almost balancing each other.
(iii) The report forecasts a bright future where India's automotive component production reaches USD 145 billion by 2030, with automotive component exports expected to triple to USD 60 billion (from USD 20 billion).
About NITI Aayog
CEO : Shri B.V.R. Subrahmanyam
Headquarters : New Delhi
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