NITI Aayog launches report on India's automotive industry in global value chains
NITI Aayog on 11 April 2025 launched a report titled 'Automotive Industry: Powering India's Participation in Global Value Chains', which sets a goal of US$145 billion in auto component production by 2030.
Summary
NITI Aayog Vice Chairman Suman Bery on 11 April 2025 launched the report 'Automotive Industry: Powering India's Participation in Global Value Chains'. It notes that India is the world's fourth-largest vehicle producer, with about 6 million vehicles out of about 94 million produced globally in 2023, and that India's share in global auto component trade is about 3%. The report aims to raise auto component production to US$145 billion by 2030 and lift India's share of global value chain trade from 3% to 8%.
Key facts
- Report
- Automotive Industry: Powering India's Participation in Global Value Chains
- Launched by
- Suman Bery, NITI Aayog Vice Chairman
- India's rank
- 4th-largest vehicle producer (about 6 million)
- Global production 2023
- about 94 million units
- 2030 goal
- US$145 billion auto component production; GVC share 3% → 8%
Practice MCQs 3 questions
NITI Aayog's April 2025 automotive report sets what target for India's auto component production by 2030?
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Correct answer: C — US$145 billion
US$145 billion by 2030, along with raising India's GVC share from 3% to 8%.
According to NITI Aayog's April 2025 report, what is India's rank among the world's vehicle producers?
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Correct answer: C — Fourth
Fourth: India produces about 6 million vehicles out of about 94 million globally.
Consider the following statements about NITI Aayog's report 'Automotive Industry: Powering India's Participation in Global Value Chains': 1. It was launched by NITI Aayog Vice Chairman Suman Bery. 2. It aims to raise India's share in global auto component value chain trade from 3% to 8%. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct. Suman Bery launched the report, which targets an increase in India's GVC share from 3% to 8%.