Drive Your Success in India’s Thriving Automotive Sector
Positioning Semicon City as the Prime Destination for Automotive Excellence
Why Invest in the Automotive Sector in India?
- Unmatched Growth Potential: India is the 3rd largest automotive market globally, with a USD 151 billion industry size and 37.2 billion USD in cumulative FDI between April 2000 and September 2024.
- Expansive Market Demand: With 4.2 million passenger vehicles, 1.6 million EVs, and 900,000 commercial vehicles sold in FY24, India’s growing middle class is driving an unprecedented demand.
- Export Opportunities: Proximity to ASEAN, Gulf, and African markets makes India a global automotive export hub.
- Government Support: Beneficial policies like PLI for EVs and advanced components, FAME II subsidies, and streamlined GST are propelling growth.
- Established Industry Clusters: India boasts multiple automotive and components manufacturing zones seamlessly connected to Semicon City via the Delhi-Mumbai Industrial Corridor (DMIC) and Mumbai-Bangalore Industrial Corridor.
India’s Automotive Growth Drivers and Semicon City’s Offerings
Supportive Government Policies
- PLI Scheme: Financial incentives of up to 18% to boost advanced automotive manufacturing.
- PM E-Drive Scheme: USD 1.3 billion outlay to promote EV adoption.
- Battery Waste Management Rule: A framework to ensure sustainability and create new business opportunities.
R&D Excellence
India’s rise in the Global Innovation Index (39th in 2024) reflects its growing focus on research and development. Semicon City encourages innovation by fostering collaborations with industry leaders and academic institutions.
Export-Ready Ecosystem
With grants and incentives for export-oriented manufacturing, Semicon City is positioned to become a global leader in automotive exports, further supported by India’s 63.73 lakh km road network, the second largest in the world.
Automotive Industry Clusters Connected to Semicon City
- Haryana, Rajasthan, Uttar Pradesh: Home to global players like Hero, Honda, Maruti Suzuki, Yamaha.
- Maharashtra and Karnataka: Host to automotive giants like Bajaj, Toyota, Volkswagen, Mahindra.
- Tamil Nadu and Andhra Pradesh: The southern manufacturing hub for companies like Hyundai, Renault-Nissan, Ashok Leyland.
Semicon City’s central location ensures seamless supply chain integration and efficient logistics between these clusters and export markets.
Semicon City: Driving Automotive Innovation
As India continues its trajectory as a global automotive powerhouse, Semicon City is ready to lead the way. Whether it’s manufacturing cutting-edge electric vehicles, producing advanced automotive components, or driving global exports, Semicon City offers the perfect ecosystem for businesses to thrive.