Indian Auto Industry To Rank World No. 3 By 2030

Khodrocar - India’s automotive industry is poised to rank number three in the world by 2030, with various schemes like the Rs 25,938 crore PLI for Automobile and Auto Components supporting the sector's growth, the government said on Monday. 

Ministry of Heavy Industries (MHI) is organising a conference on Tuesday to review the performance of the PLI-Auto Scheme with special focus on understanding the opportunities available through this scheme. 

"MHI considers the PLI-Auto applicants of automotive industry as one of the crucial stakeholders of the scheme," the ministry stated.

The stakeholders expected to be present in the meeting include PLI-Auto applicants, test agencies etc, who will share their knowledge and experiences. "The cascading effect of these schemes will lead to the growth of automotive industry and it is poised that the Indian automotive industry will rank number three in the world by 2030," an official statement said.PTI