Auto industry likely to triple to $250 billion

• The auto industry in India, estimated at $80 billion with $15 billion in exports, is projected to grow three times to $250 billion in the next few years.
• The industry will play a significant role in India’s goal to achieve net carbon zero by 2070.
• The auto industry will play a major role in India’s growth and opportunities as it aims to become a developed country by 2047.
• Urban mobility challenges include congestion, pollution, and uneven access. Future mobility must be sustainable, integrated, and automated.
• India’s automotive component sector has seen steady growth in exports over the past decade, driven by cost optimization, skill development, global standards adherence, and government support.