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Make in India | Sectors - Automobile

 


Automobile:

Summary
 
  • The Automobile industry in India is a significant driver of macroeconomic growth and technological development.
  • India will be selling 20% blended ethanol, and by 2025.
  • India gets Asia’s longest and world’s fifth-longest High-Speed Track for automobiles.33
  • India is projected to be the world's third-largest automotive market in terms of volume by 2026.2
  • The Automobile industry manufactured 26.36 mn vehicles including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycle in FY 2019-20.32
  • The Department of Heavy Industry has helped set up India's first Machine Tool Park Park (TMPT) with a world-class facility that has been developed on 530 acres of land.28 
  • Department of Heavy Industry entails promoting engineering industry viz. machine tools, heavy electrical, industrial machinery and auto industry and administration of 29 CPSEs and 5 autonomous organizations. 32
  • Total 1.85 lakh Electric Vehicles have been incentivized under FAME II till now.
  • India is becoming the largest EV market for electronic 2-wheelers, 3-wheelers and cars.
  • The automobile sector contributes about 35% to the manufacturing GDP of the country.
 
Reasons To Invest
 
  • India is expected to emerge as the third-largest Automotive market in the world in terms of volume by 2026, followed by China and USA.6
  • As per the AMP 2026, the Automobile industry has a target to triple the revenues to USD 300 Bn and increase exports sevenfold to USD 80 Bn.8
  • India’s “Make in India” initiative has played a vital role in elevating the country’s position.9
  • The need for a quick roll-out of Flex-Fuel Vehicles (FFVs) capable of running on 100% ethanol and gasoline into the Indian auto market within a year’s time, vis-à-vis successful available technologies in Brazil and USA .
  • The International Centre for Automotive Technology (ICAT) is a top-class automotive testing, certification and R&D service provider under the support of NATRiP (National Automotive Testing and R&D Infrastructure Project), Government of India. ICAT is situated in the northern automotive hub of India in Manesar.10
  • The Gross Value Added (GVA) in the automobile manufacturing sector witnessed an estimated growth rate of 8.1% in 2018-19.29
  • Ministry of Heavy Industries issued a Public Procurement (Preference to Make in India) Order, 2017 – Notifying Automobile and Automotive Components in furtherance of the order for production.28 
  • The auto field contributes to about 14-15 per cent of India's GDP, GOI aims to increase up to 25-30 per cent.
  •  GOI has chosen 9 expressways where 6,000 charging stations have been sanctioned and about 3,000 shall be installed soon to reduce the problem of charging in electrical vehicles.
  • GOI is providing support up to INR 362 crore per gigawatt in this sector of EVs under the PLI Scheme.
  • The automobile industry in India which is worth INR 7.5 lakh crore in size will double to INR 15 lakh crores in the next 5 years. 
 
Key Achievements
 
  • India is the largest manufacturer of 2W and 3W and the 4th largest manufacturers of passenger cars in the world.32
  • A Vehicle Scrapping and Recycling Facility is set up by Maruti Suzuki Toyotsu India Private Limited (MSTI) at Noida in an area of 11,000 sqm with a capacity of handling 24,000 vehicles per year, aimed at creating an ecosystem for phasing out unfit and polluting vehicles from the Indian roads.
  • BHEL has spent around INR 30 cr on R&D expenditure and filled 34 patents/copyrights.31
  • BHEL supplied the Steam Turbine and Generator package for the project India's first of its kind, highest rated, 700 MWe Pressurized Heavy Water Reactor.30
  • E-Amrit has been developed and hosted by NITI Aayog under a collaborative knowledge exchange programme with the UK government and as part of the UK–India Joint Roadmap 2030, signed by the Prime Ministers of the two countries. E-Amrit is a one-stop destination for all information on electric vehicles—busting myths around the adoption of EVs, their purchase, investment opportunities, policies, subsidies, etc.

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