TL;DR
India's manufacturing industry is set for a major overhaul by 2030, with electric vehicles and digital technologies leading the charge, supported by robust policy frameworks.
India's manufacturing sector is poised for significant growth and transformation by 2030, with automotive and mobility identified as key drivers. The industry is undergoing a disruptive decade, reshaped by electric mobility, digitalization, and sustainability. The focus is shifting from internal combustion engines (ICE) to electric drivetrains, batteries, and advanced electronic control systems. The electronics content in vehicles is projected to increase from 40% of the cost today to 45-50% by 2030.
Strong policy support, including the FAME program, state-level EV policies, and the Advanced Chemistry Cell PLI, is stimulating investment in the sector. States like Tamil Nadu, Karnataka, and Maharashtra are developing comprehensive EV supply chains. Experts predict that by 2030, nearly one in five new light-duty four-wheelers in India could be battery-electric vehicles, solidifying the country's position as a global sourcing hub for next-generation mobility systems.
