Car -component industry to touch $ 200 billion by 2030

Mumbai/New Delhi: “A pandemic closes boundaries, a war disturbed the energy flow and a ship that is stuck in the Suez Canal shook global logistics. And yet, in this turbulence there is an extraordinary opportunity for India to position itself as a familiar, resilient and sustainable production.”

Maruti Suzuki India MD & CEO Hisashi Takeuchi’s Call to Action set the tone during the annual session of the Automotive Component Manufacturers Association of India (ACMA) on Friday when he called Prime Minister Narendra Mantra of “Aapda Mei Avsar” or occasion in opposition.

The tide of history enables countries to ride a wave for decades, Takeuchi said, referring to the examples of the US, Europe, Japan and China, which underlines that India’s turn has now come. Managing leaders with the collected public seemed to appreciate this historical analogy and use of Hindi words in the speech of the Top -Japanese director.

Het optimisme van de beste autofabrikant van India werd ondersteund door een nieuw rapport van McKinsey & Company waarin werd geprojecteerd dat de binnenlandse auto-componentindustrie inkomsten zou kunnen drievoudigen tot bijna $ 200 miljard tegen 2030. De export zal naar verwachting $ 70-100 miljard dalen, met $ 20-30 miljard van interne combustion-engine (ICE) Componen als andere wereldwijde fabrikanten met A wider industry. electricity.

“This is the moment of India,” said Shivanshu Gupta, senior partner at McKinsey and co-author of the report. “As worldwide trading dynamics evolve, India can come up as a safe gamble for anchoring trade corridors with its cost competitive capacity, growing workforce and improving the call of investors.”

Electrification is the other major driver. Suzuki Motor has chosen India as the global hub for its first electric SUV, the e-vitara-onlangs lost for export by PM Modi-It Living of the global trust in the India production ecosystem. Domestic EV penetration rises by 45% annually and pushes suppliers to invest in batteries, semiconductors and connected technology. The two-wheelers market has also returned to pre-known levels, with 19.6 million units sold in FY25. EV -Scooters are leading growth, helped by falling battery prices, expanding swapping infrastructure and creative financing models. “This is our chance to not only make the country a participant, but a leader in the global supply chain for cars,” said Takeuchi, who addresses daring investments in R&D, talent and scale.