India is gearing up to make a bold leap in the global automotive landscape, as NITI Aayog unveiled a comprehensive report titled “Automotive Industry: Powering India’s Participation in Global Value Chains.” The launch of the report, attended by key figures including Vice Chairman Shri Suman Bery and Members of NITI Aayog, offers not just data but a vision—one where India accelerates from factory floors to global headlines, establishing itself as a major force in the international auto industry.
This report paints a hopeful picture for the future. With India already ranked as the world’s fourth-largest automobile producer, there’s now a renewed focus on transforming that industrial strength into global influence. The country’s domestic market and export performance, especially in small and utility vehicles, is commendable. But the road ahead aims higher: to increase India’s share in the global value chain (GVC) from a modest 3% to an ambitious 8% by 2030.
The numbers reflect a determined ambition. India seeks to grow its auto component production to USD 145 billion by 2030, tripling exports from USD 20 billion to USD 60 billion, and creating up to 2.5 million new jobs. But beyond the numbers is the human story—the people who will find new opportunities, the young workforce that will be skilled and reskilled, and the businesses that will collaborate, innovate, and rise.
India’s path to this future rests on a strong foundation of policy reforms, infrastructure development, digital transformation, and most importantly, a people-first approach. The report underscores how adopting advanced technologies like AI, IoT, and robotics can not only streamline manufacturing but redefine it. At the same time, it acknowledges the challenges—low R&D investment, skill gaps, and infrastructural bottlenecks—that need attention.
To overcome these, NITI Aayog proposes thoughtful fiscal and non-fiscal strategies. These range from operational support for manufacturers, incentives for research and branding, and cluster-based development, to easing regulations and promoting international partnerships. A particularly humane element in the report is the emphasis on skilling, ensuring that the Indian workforce is not left behind as the sector evolves.
India’s automotive story is no longer just about making vehicles—it’s about making a mark. It’s about ensuring that the growth of an industry brings with it social mobility, rural development, and a better quality of life for millions. This report is not just a roadmap for economic gain, but a blueprint for inclusive progress.
As the country shifts gears, the journey ahead looks promising. With the right support from government and industry, and the resilience of its people, India’s auto sector is ready to power not just engines, but dreams.