Highlights
- India’s Largest Auto Hub: Produces 50% of the passenger vehicles, 39% of India’s 2-wheeler production, and 11% of India’s tractor production
- Home to three SME auto-component clusters, and a strong base of about 90,000 SMEs, thus providing a robust network of auto ancillary companies
Potential Opportunities
- Huge demand for electric vehicles that are suited for safe short distance urban travelling
- Develop R&D Centre to support multi-national companies and training for smaller auto-ancillary companies
- Opportunity to set up large manufacturing centers along the industrial corridors
- Industry sales are expected to increase to USD 40 billion by 2016 with about USD 20 billion generated from exports
