International trade of Indian auto components is currently close to fifty billion U.S. dollars, with imports and exports nearly balanced.
The sector is experiencing double‑digit growth, and about five million passenger cars are expected to be sold in India this year.
India has signed trade agreements that give tariff‑free access to markets representing a combined gross domestic product of roughly sixty trillion U.S. dollars.
The government supports the push with new industrial parks, trade agreements covering economies worth around sixty trillion U.S. dollars, and partnerships on critical minerals with the United States.
Efforts also focus on advancing technology such as artificial intelligence for quality control and promoting safety and electric‑vehicle adoption.
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