India’s automotive sector is a vital part of its economy, contributing 49% to the country’s manufacturing GDP and 6% to the overall GDP, while supporting over 30 million jobs.The auto industry in the country is valued at over $150 billion.

In FY 2023-24, the auto component industry grew to USD 74.1 billion, reflecting a 9.8% increase from USD 69.7 billion the previous fiscal year. Domestic OEM supply rose by 8.9% to USD 62.4 billion, with the electric vehicle (EV) sector contributing 6% to total production. Exports increased by 5.5% to USD 21.2 billion, while imports grew by 3% to USD 20.9 billion, resulting in a trade surplus of USD 300 million. The aftermarket sector also expanded by 10% to 11.45 billion.

Auto component exports grew by 5.5% to USD 21.2 billion in FY 2023-24, with North America accounting for 32% of exports (a 4.5% increase), Europe 33% (a 12% increase), and Asia 24% (stable performance). Key export items include drive transmission and steering, engine components, body and chassis, and suspension and braking systems.

Imports of auto components rose by 3.0% to USD 20.9 billion, with Asia contributing 66%, Europe 26%, and North America 8%. Key imports included engine components, body and chassis, suspension and braking, and drive transmission and steering systems.

The aftermarket sector, valued at USD 11.3 billion, saw growth due to increased vehicle usage and higher demand for used vehicles. This sector is experiencing greater e-commerce penetration and organization, particularly in rural areas.

ACMA plays a critical role in advancing India’s automotive industry by promoting trade, enhancing technology, improving quality, and disseminating information. The association participates in international trade fairs, sends trade delegations abroad, and publishes industry materials.

ACMA also contributes to manufacturing excellence through skills training, mentoring programs, and initiatives like 'Asset Turnover Improvement,' 'Uptime Improvement,' 'Zero Defect Quality,' and 'Sustainable Manufacturing.' It is actively involved in various government panels, committees, and councils to influence policies and regulations.

ACMA has signed Memoranda of Understanding (MoUs) with over 30 counterpart organisations in several countries to facilitate information exchange and trade cooperation.

For more information about the Indian automotive industry, visit ACMA’s Website: www.acma.in

CII is a non-government, not-for-profit, industry-led and industry-managed organization, with around 9,000 members from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 365,000 enterprises from 294 national and regional sectoral industry bodies.

For more than 125 years, CII has been engaged in shaping India’s development journey and works proactively on transforming Indian Industry’s engagement in national development. CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness, and business opportunities for industry through a range of specialized services and strategic global linkages. It also provides a platform for consensus-building and networking on key issues.

Through its dedicated Centres of Excellence and Industry competitiveness initiatives, promotion of innovation and technology adoption, and partnerships for sustainability, CII plays a transformative part in shaping the future of the nation. Extending its agenda beyond business, CII assists industry to identify and execute corporate citizenship programmes across diverse domains including affirmative action, livelihoods, diversity management, skill development, empowerment of women, and sustainable development, to name a few.

For 2024-25, CII has identified “Globally Competitive India: Partnerships for Sustainable and Inclusive Growth” as its Theme, prioritizing 5 key pillars. During the year, it would align its initiatives and activities to facilitate strategic actions for driving India’s global competitiveness and growth through a robust and resilient Indian industry.

With 70 offices, including 12 Centres of Excellence, in India, and 8 overseas offices in Australia, Egypt, Germany, Indonesia, Singapore, UAE, UK, and USA, as well as institutional partnerships with about 300 counterpart organizations in almost 100 countries, CII serves as a reference point for Indian industry and the international business community.

Website: www.cii.in

It is a society with charitable objectives registered under the Societies Registration Act, 1860. Its objectives include enhancing the contribution of automobile industry to the growth and development of Indian economy, assisting the automobile industry to meet its social obligations and encouraging the efficiency of industry in general and automobile industry particularly in India. SIAM focuses on activities related to improvement of environment and ensuring safety and protection of automobile vehicle users and public at large. Recognising these objectives, SIAM has been granted registration under the Income Tax Act, 1961 as an institution with charitable purpose.

To meet these objectives, SIAM works closely with stakeholders in the formulation of the economic and commercial policies, regulations and standards relating to automobiles. It provides economic and statistical information as well as technical and public policy services to the stakeholders on behalf of Indian Automobile Industry. It publishes Monthly Industry Statistics, Monthly Commodity Price Monitor and other periodic reports. SIAM organises seminars and workshops on the subjects of topical relevance and interest to the industry. It also carries out various public policy activities, particularly in the field of Road Safety and Environment. SIAM works closely with various Government departments, both at Central and State level and with international bodies like International Organisation of Motor Vehicle Manufacturers (OICA), International Motorcycle Manufacturers Association (IMMA) and coordinates with other counterpart international associations.

SIAM, along with ACMA and CII organises Auto Expo, a widely acclaimed biennial auto exhibition showcasing the trends in the Auto Industry.

SSIAM aims to promote Sustainable Mobility through focused initiatives and campaigns on जैविक पहल (Bio Initiative), हरित हाइड्रोजन (Hydrogen Mobility), गैस गतिशीलता (Gas based mobility), विधुतीकरण (Electrification), चक्रीयता (Circularity) and सुरक्षित सफर (Safe Journey) in alignment with Sustainable Development Goals, 2030 and Net Zero by 2070.

Website: www.siam.in