India’s Auto Sector Set For Strong Growth; Driven By ‘Make In India’ Initiative

The ‘Make in India’ initiative plays a crucial role in driving significant growth in India’s automotive sector by increasing local vehicle production and expanding export volumes, including electric vehicles (EVs).

Industry leaders emphasized these points at the ongoing ‘Bharat Mobility Global Expo 2025’ in New Delhi.

The Indian automobile sector has attracted over $36 billion in foreign direct investment (FDI) over the past four years. This figure is expected to grow substantially in the coming years, as the country’s auto industry continues to evolve and expand.

India’s Auto Sector’s Future

Gaurav Gupta, Chief Growth Officer at JSW MG Motor India, spoke at the expo, noting that the automotive sector contributes nearly 50 per cent to India’s manufacturing GDP.

He highlighted the promising future for the sector, stating, “The direction for the future of the auto sector is very encouraging. This is the time for ‘Make in India,’ and we must export more vehicles to the world. Government policies are very supportive toward this.”

Gupta also highlighted his company’s leadership in the electric vehicle market, stating, “We launched our first EV, the MG ZS EV, in January 2020. “We offer a lifetime battery buyback on our products, and 70 per cent of our sales now come from EVs. We plan to introduce more products in this category.”

Kia India Pioneering EV Production

Hardeep Singh Brar, Senior VP of Sales and Marketing at Kia India, also highlighted their efforts to ramp up production. He said, “This year, we are launching our first India-manufactured EV.

Kia India has achieved over 80 per cent localization and is now working to increase localization in the EV sector.”

The ‘Bharat Mobility Global Expo 2025’ is being held from January 17 to 22, across major venues. The expo brings together stakeholders with the theme “Beyond Boundaries: Co-creating Future Automotive Value Chain.”

This vision emphasizes the need for collaboration and innovation within the automotive and mobility sectors. The expo serves as a platform for showcasing advancements in the automotive industry.

Also Read: India’s Mobility Industry Set To Double, Cross $600 Billion By 2030, Report Says