India’s auto component exports are expected to triple from $20 billion to $60 billion by 2030, according to a report by NITI Aayog.
The report predicts that India will produce $145 billion worth of auto components by 2030, positioning the country as a significant player in the global markets.
This growth is projected to generate 2-2.5 million additional employment opportunities in the auto sector.
To achieve this vision, strategic and focused policy initiatives are needed to enhance competitiveness, improve infrastructure, and attract investment.