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1、Automobiles&Auto ComponentsDRIVING NEW INDIAS GROWTHSECTOR HIGHLIGHTS2 4th largest auto-producing nation after China,USA andJapan(2022)Auto in India is a USD 222+Bn industry and accounts for 7.1%of the countrys GDP(2021)and 49%of the countrys manufacturing GDP Auto industry employs 37 Mn people dire

2、ctly&indirectly 100%FDI allowed under the automatic route Attracted USD32.84 Billion FDI during April 2000 August 2022 Attracted 6%of total FDI inflows Between 2021-2022 Automobiles was the second largest FDI attracting sector in the country accounting for 15.8%of overall FDI in the country.Automobi

3、le&Auto components industry turnover USD 56.5 Bn in FY22.Expected to reach USD 251.4 Bn by 2026 Auto Component exports grew by 43%from USD 13.3 Bn(FY21)to USD 19 Bn(FY22)and are expected to reachUSD 80 Bn by 2026 Vehicle exports are expected to reach 17.8 million units by 2026 Electric Vehicle:The e

4、lectric vehicle market in India is expected to be valued at USD 206 Bn by 2030 USD 673 Mn in start-up funding(FY22)245%Higher than funds raised in 2020.Total Funding raised by EV start-ups at:USD 2.9 Bn EV segment in India is likely to see investments of USD 12.6 Bn across the automotive value chain

5、 over the next five years3THREE WHEELERS2013-142014-152015-162016-172017-182018-192019-202020-21*2021-22*480K532K538K635K637K260K701K511KTWO WHEELERS2013-142014-152015-162016-172017-182018-192019-202020-21*2021-22*14.8 Mn15.97 Mn13.47 Mn16.45 Mn17.58 Mn17.4 Mn20.2 Mn21.1 Mn*Pandemic effect in play15

6、.1 Mn219K4COMMERCIAL VEHICLES2013-142014-152015-162016-172017-182018-192019-202020-21*2021-22*632 K685 K714 K717 K856 K1 M614 K716 KPASSENGER VEHICLES2013-142014-152015-162016-172017-182018-192019-202020-21*2021-22*2.5 Mn2.6 Mn2.7 Mn3 Mn2.7 Mn2.8 Mn3 Mn3.2 Mn3.3 Mn*Pandemic effect in play568K5GROWTH

7、 DRIVERS Exponential growth in Electrification of vehicles:India achieved 200%+growth in EV sales in FY22 over FY21.The government intends to achieve 30%market penetration in the passenger cars segment by 2030.Rising EV startup ecosystem,focus on localization and conducive Govt.policies are acting a

8、s a booster to EV ecosystem.Visionary Govt.policies:Production Linked Incentive Schemes:Auto(USD 3.5 Bn),ACC(USD 2.5 Bn);FAME Scheme(USD 1.35 Bn)and State Government incentives Proximity to export markets:Government Grants on exports,Make in India initiative.Proximity to the Gulf and ASEAN market(UA

9、E,Malaysia,Indonesia,Sri Lanka,Africa)Improved Infrastructure:The pace of highway construction in the country touched a record 37 km per day in 2020-21.Strengthened R&D Capability:India jumped 6 positions from 2021 to 40th Rank in the Global Innovation Index 20226GOVERNMENT INITIATIVES Production-Li

10、nked Incentive(PLI)Scheme in the Automobile and Auto Components(2021):Outlay of USD 3.5 Bn for the automobile sector proposes financial incentives of up to 18%to boost domestic manufacturing of advanced automotive technology products and attract investments in the automotive manufacturing value chai

11、n.Production Linked Incentive(PLI)Scheme for Advanced Chemistry Cell(ACC)Battery Storage(2021):Aims at achieving manufacturing capacity of 50 GWh of ACC for enhancing Indias manufacturing capabilities with a budgetary outlay of USD 2.3 Bn.This scheme was oversubscribed by 2.6 times(130 gwh).Governme

12、nt Support:100%FDI under automatic route FAME Scheme:Promoting&Incentivising e-vehicles.Scheme has 4 focus areas,viz.Technology Development,Demand Creation,Pilot Projects and Charging Infrastructure.Phase 2 has been approved with an outlay of USD 1.3 Bn between 2019-2024 NATRiP:Setting up of R&D cen

13、tres at a total cost of USD 388 Mn(7 R&D centres-Chennai,Manesar,Indore,Raebareli,Silchar,Ahmednagar,Pune)Vehicle Scrappage Policy:The Vehicle Scrappage Policy,launched on August 13,2021,is a government-funded programme to replace old vehicles with modern&new vehicles on Indian roads.The policy is e

14、xpected to reduce pollution,create job opportunities and boost demand for new vehicles.GST:One nation,one tax.To simplify taxation(tax filing)for business operations and logistics Battery Waste Management Policy:The Battery waste management rule,published in August 2022 is a government programme to

15、help reduce the dependency on new raw materials.The policy is expected to save natural resources,create new business&job opportunities.INDUSTRY CLUSTERS/ZONESAUTOMOBILE7Automobile clustersHaryanaRajasthanUttar PradeshMaharashtraKarnatakaGujaratMadhya PradeshAndhra PradeshTamil NaduINDUSTRY CLUSTERS/

16、ZONESAUTO COMPONENTS SECTOR8Punjab-NCRUttar PradeshRajasthanGujaratMadhya PradeshMumbaiPuneAndhra PradeshChennaiBengaluru9INDUSTRY CLUSTERS/ZONESEV MANUFACTUREDelhi-NCRGujaratAndhra PradeshMaharashtraKarnatakaTamil NaduRECENT INVESTMENT NEWSAUTOMOBILE Tata motors:Announced plans to invest up to$2 bi

17、llion over the next four years to launch 10 new EVs in the Indian market.Hyundai Motor India:By 2028,Hyundai plans to invest over$500 million to develop 6 new EVs Toyota:Signed MoU with the Government of Karnataka to invest over$620 million dollar for local production of greener technologies and com

18、ponents Maruti Suzuki:Suzuki Motor,parent of Indias largest automaker Maruti Suzuki,announced in Mar22 that it would invest$1.35 bn to build a new electric car and battery factory in India.Hero MotoCorp:Plans to invest$55 million in Ather Energy as a part of their“Be the future of mobility”vision.TV

19、S motors:Signed MoU with the Tamil Nadu government to invest$159 million dollars for the development of new product and EV technologies.Stellantis:The company announced an investment of$250 million in India to develop SUVs Ashok Leyland:Companys E-mobility arm Switch mobility to invest$130 million f

20、or a dedicated plant in the southern part of India.Bosch:Bosch lines up US$260 Mn of investment in 5 years in localizing advanced automotive technologies and developing digital capabilities.Daimler:Signed MoU with Govt of TN for investing$323.02Mn(INR 2,277 crore)to expand the production of trucks a

21、nd buses at its Oragadam plant.Schaeffler:In Feb22,Schaeffler announced to invest Rs.1000 Cr in next 3 years across a spectrum of applications,both in the transmission systems,as well as in the engine applications.10SUCCESSSTORIES“Since its early stages,Invest Indias senior sponsorship and efficient

22、 support has helped make our India project a reality.A dedicated team of highly motivated professionals has acted as an advisor to both our company and our counterparts in India.They have facilitated and accelerated progress in establishing our industrial and commercial presence in the country.This

23、has definitely made a difference.”Mr.Emmanuel Delay,Head,India-Pacific Region,Groupe PSA“Make in India,along with associated structural reforms such as GST,has clearly become engines of the India growth story.It is helping in building aspirations and galvanising youth to work towards a more confiden

24、t and modern India.At Volvo Group,we believe that building a strong manufacturing ecosystem in the country will have a multiplier effect on the economy-as it will see the entry of more young entrepreneurs,thus kick starting a virtuous cycle of growth.”Kamal Bali,MD,Volvo Group11All information in th

25、is brochure was last updated in October 2022To find out morewww.investindia.gov.in/sector/automobilePhone No:011 2304 8101Email ID:autoinvestindia.org.inFirst Floor,Vigyan Bhawan Annexe,Maulana Azad Road,New Delhi-110011investindiainvestindiaofficialinvest-indiaAutomobiles HOW WE HELP INVESTORS STAKEHOLDER MEETINGPOLICY ADVISORY/REPRESENTATIONREGULATORY CLEARANCE FACILITATIONSITE VISITSISSUE RESOLUTIONRESEARCH CONTENT PROVIDEDLOCATION ANALYSISINVEST INDIA?AutomobileComponents