Add Listing
Homepage
Blog
India’s Auto Parts Industry Gears Up for $145 Billion Milestone by 2030
India’s Auto Parts Industry Gears Up for $145 Billion Milestone by 2030

India’s Auto Parts Industry Gears Up for $145 Billion Milestone by 2030

adminp
May 6, 2025
0 Comments
EV News

India’s Auto Parts Industry Gears Up for $145 Billion Milestone by 2030

India’s auto component industry is gearing up for a remarkable growth trajectory, with projections estimating the market to hit $145 billion by 2030, a significant jump from the current $56 billion valuation. This bullish outlook is detailed in NITI Aayog’s recent report titled “Automotive Industry: Powering India’s Participation in Global Value Chains.”

A key highlight of the report is the expected surge in exports, which are forecast to triple from $20 billion to $60 billion within the same period. This dramatic increase underscores India’s rising potential as a global manufacturing and supply hub for automotive components.

Strategic Roadmap for Global Competitiveness

The report identifies targeted strategies aimed at improving India’s global competitiveness. It classifies automotive components into four segments based on complexity and technological advancement:

This segmentation allows for focused policy and industrial interventions to drive innovation, scale manufacturing, and foster investment in high-growth areas like electric mobility, autonomous technology, and connected vehicles.

Opportunities Amidst Challenges

While the industry faces challenges such as raw material dependency, skill gaps, and technological barriers, the report emphasizes that strategic interventions—such as improved infrastructure, favorable trade policies, and R&D incentives—can turn these hurdles into stepping stones.

India is also expected to benefit from the global trend of supply chain diversification, as manufacturers seek alternatives to traditional production centers. Leveraging its cost-competitive manufacturing ecosystem and a large talent pool, India is well-positioned to capitalize on this shift.

Conclusion

The road to 2030 presents a transformative journey for India’s auto component sector. With the right policy push and industry collaboration, the country is on track to emerge not just as a global supplier, but as a strategic partner in the future of mobility.

If you are an EV manufacturer (or) EV Dealer (or) EV Supporter who wants to share news related to Electric vehicles  on our website, please send an email to [email protected]

For the latest Electric vehicles news,

follow electricvehicles.in on 

Twitter, Instagram,Facebook

and our YouTube Channels 

English, Hindi,Telugu ,

Bangla , Kannada , Tamil

 

The post India’s Auto Parts Industry Gears Up for $145 Billion Milestone by 2030 appeared first on India’s best electric vehicles news portal.

Add a comment

Your email address will not be published. Required fields are marked *

Categories

Recent Posts

Delhi EV Policy 2.0: Women to Get ₹36,000 Subsidy on Electric Scooters
Delhi EV Policy 2.0: Women to Get ₹36,000 Subsidy on Electric Scooters Read more
Karnataka’s Bold Step Towards Sustainable Mobility with 4,000 Electric Buses
Karnataka’s Bold Step Towards Sustainable Mobility with 4,000 Electric Buses Read more
India’s Auto Parts Industry Gears Up for $145 Billion Milestone by 2030
India’s Auto Parts Industry Gears Up for $145 Billion Milestone by 2030 Read more
Sri Lanka Welcomes Mahindra EVs: A New Era of Last Mile Mobility Begins
Sri Lanka Welcomes Mahindra EVs: A New Era of Last Mile Mobility Begins Read more
Read All Posts

About us

John Hendricks
Blog Editor
We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods..
Popular Tags
electric vehicles EV 2-wheeler premium sedan speed sport supercars suv

Related posts

EV Dhandha
Electric vehicles and EV Finance available at several locations across India. Lowest prices and the best customer service guaranteed.
88007 57002
[email protected]
Sadhana Enclave Delhi South Delhi - 110017
Copyright Finiot Private Limited © 2022. All rights reserved.