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Invest in Components

About Components Sub-Sector

Driving Growth: Investing in India's Robust Automotive Components Sector.
India's automotive components industry is a vibrant contributor, accounting for 2.3% of the country's GDP. With over 5 million people directly employed in this sector, it serves as a significant driver of employment. The year 2022 witnessed remarkable achievements, with a trade surplus of USD 600 million and robust growth – auto components exports surged by 42.9%, while the industry turnover expanded by 22.9% in FY 2022. Notably, there's a growing emphasis on infrastructure development, sustainability, and innovation within this sector. To fuel this growth further, the Government has greenlit the Production Linked Incentive Scheme, focusing on Advanced Automotive Products (AAT). This scheme has been incredibly successful, luring a proposed investment of USD 9 billion, exceeding the initial target of USD 5.13 billion over five years. Don't miss your opportunity to invest in India's thriving Automotive Components industry, a pathway to prosperity

Components 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.