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
Infrastructure Urban

Biomass Burning Key Culprit Behind Kolkata’s Air Toxicity: Study

Kolkata, a city marked under India’s National Clean Air Programme (NCAP), continues to grapple with hazardous air despite national efforts, due to the unchecked burning of biomass and solid waste. A new study by the Bose Institute has revealed a sharp correlation between ultrafine particulate matter (PM2.5) and rising toxicity levels, identifying waste burning as a key contributor. The research, led by Prof. Abhijit Chatterjee and his team, studied the oxidative potential (OP) of PM2.5—referring to its capacity to produce reactive oxygen species (ROS) in human lungs. These ROS can overwhe..

Next Story
Infrastructure Transport

Rail Infra Boom in Maharashtra: Rs 1.74 Trillion Push for Better Trains

In a major press interaction held in Mumbai themed “Better Infrastructure, Better Technology, Better Trains,” Maharashtra Chief Minister Devendra Fadnavis and Union Minister of Railways Ashwini Vaishnaw jointly presented a comprehensive picture of the transformation underway in Maharashtra’s railway network—particularly the high-density Mumbai Suburban Railway. Better Infrastructure Union Minister Vaishnaw emphasized the importance of infrastructure in expanding suburban services. Rail projects worth nearly Rs 170 billion (approx. USD 2 billion) covering over 300 km of new lines are ..

Next Story
Infrastructure Urban

India’s First Creative Tech Institute Coming to Mumbai

In a major push to India’s creative economy, the Union Ministry of Information & Broadcasting today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, Maharashtra Film, Stage & Cultural Development Corporation Ltd. (MFSCDCL), and the Indian Institute of Creative Technologies (IICT) for the establishment of a world-class institute dedicated to the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector. The MoU was exchanged in Mumbai between Chief Secretary of Maharashtra Ms. Sujata Saunik and Information & Broadcasting Secretary Shri San..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?