Automotive industry: Find the most relevant

Find the most relevant and recent facts about the global automotive industry. India’s automotive sector stands at a decisive inflection point, where focused reforms, policy clarity, and industry alignment can elevate it into the league of global leaders in automotive manufacturing. The automotive industry in India in 2025 is the world's third-largest by annual production worth US$250 billion (up more than 61% in 10 years from US$157 billion in 2014) with 400,000 jobs created, behind America (US$880 billion) and China (US$530 billion), and now India aims to become world's largest in 5 years by 2030. [1][2][3][4] Automotive industry in India has huge growth potential as only 8% of Indian households own an automobile (2021 National Family Health Survey), [5][6] and there ... On 11th April 2024, NITI Aayog released a report titled ‘Automotive Industry: Powering India’s Participation in Global Value Chains’, launched by Vice Chairman Shri Suman Bery, senior members, and the CEO of NITI Aayog. The report outlines India’s Global Value Chain (GVC) potential in the automotive sector and highlights strategic pathways for global leadership. India’s automotive industry is a cornerstone of the nation’s manufacturing and economic growth, contributing 7.1% to ...