The Indian automotive industry is poised to rank #3 globally by 2030. The Indian automotive OEM and component industry is one of the largest and fastest-growing industries in the world. In 2022, the industry was estimated to be worth over USD 100 billion, and it is expected to grow to over USD 200 billion by 2030.

Electrification : The electrification of the automotive industry is one of the key trends that is expected to shape the Indian automotive industry in the coming years. The Indian government is committed to promoting the adoption of electric vehicles, and it has introduced a number of initiatives to support the growth of the electric vehicle segment.

‍Connected and autonomous vehicles : Connected and autonomous vehicles (CAVs) are another key trend that is expected to shape the Indian automotive industry in the coming years. CAVs are expected to revolutionize the way we travel, and India is well-positioned to be a leader in the development and adoption of CAVs.

‍Lightweight materials : The use of lightweight materials in the automotive industry is another key trend that is expected to shape the Indian Automotive industry in the coming years. Lightweight materials help to improve the fuel efficiency and performance of vehicles, and they are also more sustainable.

Tecnova is a leading automotive + OEM manufacturing & strategy consulting firms in India that helps foreign companies to establish business in India. We have a deep understanding of the Indian automotive OEM and components industry and we can help you to navigate the complex regulatory environment and develop a successful market entry strategy.

We have a team of experienced consultants who have helped a number of foreign companies to successfully establish business in the Indian automotive OEM and component industry.

Tecnova’s success in helping foreign companies establish business in India is a testament to their expertise in the Indian market and their commitment to providing their clients with the best possible service.