Automotive industry: The automotive sector in India

The automotive sector in India demonstrated notable growth in FY25, with passenger vehicle sales increasing by 4.9 per cent y-o-y and total vehicle registrations reaching 26 million. This expansion was led by the robust performance of two-wheelers and three-wheelers in rural markets, reflecting rising rural incomes and surging consumer demand. This dynamic is redefining India’s domestic automotive landscape, fueled by emerging opportunities. Growth and expansion of India's automotive ... On 11th April 2024, NITI Aayog released a report titled ‘Automotive Industry: Powering India’s Participation in Global Value Chains’, launched by Vice Chairman Shri Suman Bery, senior members, and the CEO of NITI Aayog. The report outlines India’s Global Value Chain (GVC) potential in the automotive sector and highlights strategic pathways for global leadership. India’s automotive industry is a cornerstone of the nation’s manufacturing and economic growth, contributing 7.1% to ... The automotive industry in India in 2025 is the world's third-largest by annual production worth US$250 billion (up more than 61% in 10 years from US$157 billion in 2014) with 400,000 jobs created, behind America (US$880 billion) and China (US$530 billion), and now India aims to become world's largest in 5 years by 2030. [1][2][3][4] Automotive industry in India has huge growth potential as only 8% of Indian households own an automobile (2021 National Family Health Survey), [5][6] and there ... Explore India’s auto industry insights: 30M jobs, 4th largest producer, EV policy push, and top car brands shaping the $145B vision.