TL;DR
India's automotive exports hit a record 5.3 million vehicles in FY25, reflecting strong global demand and the industry's significant economic contribution.
India's automotive industry has achieved a significant milestone, exporting over 5.3 million vehicles in fiscal year 2025. This surge underscores robust international demand and increasing global confidence in India-manufactured vehicles, as highlighted by the Economic Survey 2025-26. The export momentum continued with strong double-digit growth in the first half of fiscal year 2025-26.
The sector's production has expanded by an impressive 33% over the past decade, from FY15 to FY25. This growth is bolstered by various government initiatives, including Production-Linked Incentive schemes for automobiles, auto components, and advanced chemistry cell battery storage, as well as the PM E-Drive Scheme. The automotive industry plays a crucial role in the Indian economy, providing direct and indirect employment to over 30 million people and contributing approximately 15% of the country's GST collections.
