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Components

About Components

India is emerging as a global hub for sourcing auto components. As of FY 2018, the USD 51.2 Bn Auto-Components industry in India is expected to grow to USD 200 Bn by 2026. The Compound Annual Growth Rate (CAGR) of the industry stood at 10% over a period of 2012-2018. India is centrally located vis a vis other key automotive markets like the ASEAN, Japan, Korea, Europe, providing it a locational advantage.

Snapshot

  • 72 Opportunities
  • USD 36.15 mn Worth

Mode of Implementation

  • 1 PPP
  • 1 EPC
  • 0 Pure Private
  • 0 To Be Finalized
Top performing states
Components | Requirement

Top Promoters

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Policies
  • Motor Vehicles (Amendment) Act, 2019

    An Act to consolidate and amend the law relating to motor vehicles.

  • Automotive Mission Plan (2016-26)

    AMP aims to propel the Indian Automotive industry to be the engine of the "Make in India" programme.

  • Charging Infrastructure Guidelines, Ministry of Power, 2018

    To enable faster adoption of EV in India by ensuring safe, reliable, accessible and affordable charging infrastructure and eco - system

  • Phased Manufacturing Programme for Electric Mobility, DHI, 2019

    To promote the indigenous manufacturing of EVs

  • FAME India Phase - II

    To promote faster adoption and manufacturing of Electric and Hybrid Vehicles

  • National Electric Mobility Mission Plan 2020 (NEMMP)

    To emerge as a leader in electric vehicle market globally by 2020.

  • National Automotive Testing and R&D Infrastructure Project (NATRIP)

    It aims to create a testing, validation and R&D infrastructure, and has invested USD 265 mn crore for setting up of seven auto testing facilities across India.

  • National Auto Policy (Draft)

    This policy aims to increase contribution to GDP, exports and local R&D investments.

  • Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME)

    FAME is intended to support the hybrid/electric vehicles market development and its manufacturing eco-system to achieve self-sustenance at the end of the stipulated period.