Ministry of Heavy Industries
azadi ka amrit mahotsav

Automobiles Production Units

Posted On: 17 DEC 2021 3:27PM by PIB Delhi

As per the information received from Society of Indian Automobile Manufacturers(SIAM),the following major multinational companies have entered the Indian market in the last three years:

Sl. No.

Name of multinational company

Investment made

1.

KIA Motors

Rs. 8,140 Cr.

2.

PCA Motors

Rs. 2,400 Cr.

3.

MG Motors

Rs. 3,000 Cr.

 

The Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry in India to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain with a budgetary outlay of Rs. 25,938 crores over a period of five years.

The automobile sector contributes about 35% to the manufacturing GDP of the country. Further, the Government has an estimate of India’s competitiveness at the global level in automobile sector.

India’s ranking in the world market in terms of Unit Production is mentioned below:

  • 2 wheelers, 3 wheelers and Tractors -  # 1
  • Passenger vehicle -  # 5
  • Commercial vehicles - # 5

This information was given by the Minister of State for Heavy Industries Shri Krishan Pal Gurjarin a written reply in the Rajya Sabha today

 

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