523
Industrial3466758301192984138192239275310337391417
Products39087583011973108161215270321356403
Finder,433675830119689515020425729246277585011725
Annual46777585011766120174229282305
201950077585011771129184241
26752867583011959117176
COVER4483361017894190271357455
STORY4976361017887161256355431
As503172006793548571837011439
the924183701142477126
India1078183701142578132155209
growth1315183701145488142207232285
story1628183701143963117151192
continues857194901144397150174197250302351390
to1275194901142478
shine,1381194901143992115168217245
the1654194901142477126
Indian1808194901142578132155209262
auto8572062011454106131185
industry1070206201142376130182221245279320
is1418206201142362
expected1508206201144990144193236260309364
to1900206201142478
be20062062011455104
the857217401142578126
one10112174011454107156
to1195217401142579
benefit13022174011454103156205232255280
immensely16102174011423103184233286324373396438
from496228601142761115195
this.719228601142578101140168
The9152286011448101150
rapidly1093228601143387141164219242283
growing1405228601145487141207230283337
Indian1770228601142578132155209262
auto4962399011454106131185
industry709239901142376130182221245279320
is1057239901142362
set1147239901143988112
to1287239901142579
become13942399011454103146200280329
the1751239901142578127
third1906239901142477100133188
largest496251101142377110165213252277
market8012511011480134168215263288
in1117251101142376
the1221251101142577126
world13752511011466120153176231
and16342511011454107161
expected496262301144990144193236260309364
to888262301142478
contribute994262301144397150175208231285337362411
1214332623011456112
per15732623011454103136
cent1737262301144392145169
to1934262301142579
the496273501142578126
GDP6502735011478147195
in873273501142376
the977273501142477126
next11312735011453102143168
1013272735011456112
years.1467273501144290145178217245
Globally,6092848011477100154209263286309351370
the1007284801142578127
automotive11622848011454106130184265319344367409458
industry1648284801142376130182221246279321
is1997284801142361
being4962960011454103126179233
disrupted757296001145578116150202256281329384
by1169296001145496
three1293296001142578111160209
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revolutions496307201143382125179202254278301355408447
–9713072011447
the1047307201142477126
electrification1201307201144972121163188221244272294337391416439493546
of1775307201145481
the1884307201142578127
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the996318501142578127
rise115131850114335695143
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vehicle496329701144391144167210233282
and8063297011454107161
the995329701142578127
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revolution,1434329701143382125179202254278301355408436
which4963409011466119142184237
is761340901142362
paving8513409011454108151174227281
the1160340901142578126
way13153409011465119161
for1504340901142882115
new16473409011453102168
user496352101145291139173
practices.697352101145487142184209232274323362390
However,6093634011469123188237280329362381
in1018363401142375
India1122363401142477131154208
these1358363401142578127165214
revolutions1600363401143483125179202254279302356409447
are496374601145487136
shaping660374601143992146200223276330
a10183746011454
little11013746011423457095118167
differently.1296374601145477104132181214263316340363405425
The17493746011448101150
growth496385801145488142207232285
in809385801142376
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and13163858011454107161
the1505385801142578126
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spurt496397101143993145178203
in727397101142376
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in1311408301142376
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and18044083011454107161
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and9984195011454107161
decrease11874195011455104146180228282321370
in1585419501142376
road1689419501143387141196
safety.496430701143993120169194235255
These7794307011448101150189238
inherent1045430701142376128177211259312337
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challenges496442001144396150173196244297352400439
are963442001145487136
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the1612442001142477126
government4964532011454108151200233286367415468493
and10174532011454107161
the1206453201142578127
industry1361453201142376130182221245279320
to1709453201142579
adopt18164532011454108163217241
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measures,9184644011480129183222274307356395423
which13694644011466118141184237
is1634464401142362
shaping1724464401143891145200223275330
the496475701142578126
future650475701142880104156190239
of917475701145481
the1026475701142578126
auto11804757011455106131185
industry1393475701142376130182221246279321
in1742475701142376
the496486901142578126
country.650486901144397149202227260302321
The6094981011448101150
auto7874981011454106131185
industry1000498101142376130182221245278320
transformation1348498101142558112165204231285319399453478501555608
in1984498101142376
India496509301142578132155209
will733509301146689112135
be8965093011454103
driven1027509301145487110153202255
by1310509301145496
vehicle1434509301144391144167210233282
electrification,496520601144972121163188221244272295337391416439493546574
followed1098520601142782105128182247296350
by1477520601145496
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growth496531801145488142207232285
in809531801142376
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mobility,12225318011481135189212235258283324344
and15945318011454107161
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in496543001142373
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and10135430011454104155
safer1194543001143587111157188
cars.1407543001144091121157182
Autonomous16125430011459108130181231282360411460496
driving496554301145487109150173224278
is801554301142260
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to1271554301142377
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much16425543011481132174226
later.189555430114227598146179196
Electrification496576701145484142185219261291324354398460494524583645
India496588001142578132155209
is733588001142362
exploring823588001144890144167221254277330384
cost-effective1235588001144397136160193244271299348390415438480529
and17925880011454107162
viable496599201144366120174197246
solutions770599201143993116168192215269322361
to1159599201142478
combat1266599201144296177231285310
excessive1604599201144990132181220259282324373
dependence4966104011454103158206259314362415458507
on10316104011454107
oil1166610401145477100
and12946104011454107161
the1483610401142578127
problem1638610401145487141196219268348
of2014610401145482
poor4966216011454108162196
air720621601145477110
quality8586216011455107161184207231273
in1159621601142376
many12636216011481135188229
cities.152062160114436691114162201229
Electrification496632901144972121164189222245272295338392417440494546
of1071632901145481
vehicles1180632901144392144167210233282321
in1529632901142375
India1632632901142578132155209
has18696329011453107146
just496644101142375114138
begun6626441011455103158210263
with953644101146588113166
EVs11476441011449104143
forming1318644101142882115196219271326
less1672644101142372110149
than1849644101142577131184
14966553011456
per5806553011454103137
cent745655301144291144169
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the1051655301142578127
market.12066553011480134168214263288316
However,15506553011468123188237280329362380
the1958655301142578127
thrust496666601142578111163201226
by750666601145496
the874666601142578127
government10296666011454108151199233286366415468493
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by1515677801145496
203016396778011456112168224
through496689001142578111165217271324
various848689001144397130153207259298
initiatives117468900114237699123146200225248291339378
is1580689001142362
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stakeholders.1450700201143963117164213266320343397446479518546
Shared4967227011455117180222280343
mobility8697227011490149212241271301334385
The4967339011448101150
limited674733901142346126149174223277
and9797339011454107162
unreliable11697339011452105138187210233287341364413
public16107339011454106161184207249
infrastructure2268397001142376103137191229254287339382407459492541
and28373970011454107161
the3026397001142578126
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for3413397001142882115
last3556397001142377116141
mile22684083011481104127175
connectivity2471408301144397150203252294319342385408432474
combined2973408301144397177232255308356411
with3412408301146689113166
the3606408301142578126
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availability2745419501145497151174197251305328351374399441
has32144195011453107145
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in3739419501142376
growing2268430701145488142207230283338
popularity26344307011454108162214237291325348372414
for3076430701142882115
alternative3219430701145477102150184237291315338381430
solutions2268441901143993116168192215269322361
like265744190114234693142
cab2827441901144296151
sharing.3006441901143891145179202255309335
Currently33694419011469121155188237290314337379
at3776441901145479
322684532011456
per23524532011454103137
cent,2517453201144291144169197
shared2742453201143891145179228282
mobility30524532011480134189212235258282324
is3404453201142362
expected3494453201144990144193236260309364
to2268464401142579
grow2375464401145487141207
to2610464401142579
1527174644011456112
per28574644011454103137
cent3022464401144291144169
by3219464401145496
2030.33434644011456112168224252
Connected22684869011460119181243301345378436499
and27974869011462125187
safer30144869011446109142200242
cars32864869011444107149195
The22684981011448101150
government’s24464981011454108151200233286367415468493524562
commitment3036498101144397178258281306386435488513
to3577498101142478
improve22685093011423104158191245288337
road2633509301143387141196
safety2857509301143892120169193235
has31205093011453107146
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in3645509301142376
policy22685205011454108131154197239
measures25355205011480129183222274307356395
to2958520501142478
include3064520501142376119142194248297
application33895205011454109163186209252306330353407460
of2268531801145482
intelligent2378531801142375100149172195218272321374398
driving2804531801145588111154177230284
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vehicles2498543001144392145168210233282321
with2847543001146689113166
features3041543001142876130155207240289328
as3397543001145492
per35185430011454103136
international2268554201142376101149183236290314337391444498521
standards.2817554201143964118171225279312367405433
These32785542011449101150189238
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the2605565501142578127
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the3298565501142477126
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all3160576701145477100
stakeholders3288576701143863117164213266320343397446479518
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the2730587901142477126
traditional2884587901142558112167190214237291344398421
business33335879011455106145168221270309347
models,22685992011481135189238261299327
which26235992011466119142185238
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in3717599201142376
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&26496104011463
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(R&D)3301610401142778142211238
more35676104011481135168217
and22686216011454107161
more24576216011481135168217
compelling2702621601144397177232281304327350402457
than3187621601142477131184
ever3399621601144992141174
before.36016216011454103131185218267295
As2381632801145998
per25076328011454103137
industry2672632801142376130182220245278320
data,30206328011455109133187215
the3263632801142578127
R&D34186328011451114183
spending2268644101143993142195249272325379
by2675644101145596
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automotive22686553011454106131185265319344367410458
players2754655301145578132174222256294
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as3291655301145492
Tata3411655301144991116170
Motors,22686665011480134158212246284312
Mahindra26086665011480134187210263317351405
&30416665011463
Mahindra31326665011480134187210263317351405
and35656665011454107161
Ashok2268677801145998151205252
Leyland2548677801144390132155209262316
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in2777689001142376
the2881689001142578127
last3036689001142377115140
few3204689001142776142
years.3374689001144291145178217245
Although2268700201145982107160214266320373
the2669700201142578126
top2823700201142579133
2529857002011456112
automakers31257002011454106130184265319366415448487
have36407002011453107149198
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invested2637711401142376119168207231280334
Rs2999711401145190
6,3443117711401145684140196252
crore3397711401144376130164212
during22687227011454106140163216270
FY25667227011448102
2017,26967227011456112169225253
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the3136722701142477126
numbers32907227011453105185240289322361
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as2616733901145493
much27377339011480132175228
when29937339011466118167220
compared3241733901144397177232286319368422
to3691733901142579
India,496778035889266450527699783
the13627780358106284456
global19017780358184261444628800877
auto28627780358172350455639
R&D35847780358217422644
hub43127780358178356539
At4961226015480118
least649122601542490156217255
129401226015470141
per11171226015473139179
cent13311226015467133201239
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India’s1745122601542896169193259294342
GDP21221226015494182262
will24191226015495118142165
come26201226015466137243309
from2965122601543273141247
the32481226015437106172
fast-growing3455122601543399161198246316357425520543612682
auto41731226015466134172243
industry4451122601542492165234295333373432
in4918122601542492
the50461226015437106172
next4961382015468135196234
107651382015471142
years.9421382015459125191231293328
Ashok13051384015385151224300368
Belani17091384015389160191262335365
says21101382015462128187248
the23941382015437106172
auto26011382015466135172243
industry2880138201542392165233294332372431
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in4173138201542391
India4300138201542897170193259
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be47951382015473140
driven49701382015473113137196262330
by4961538015473132
vehicle6641538015459125193217283306372
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a4874678008438
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sector.49917032084296597114153175189
He520170320844884
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the53717032084175491
Group452771160845779118155193
President47407116084365692121137175212248266
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Director43517200084486487123155172211233
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Valeo46837200084417490127165
India48697200084175492109147
Private50367200084365672103141159196
Limited525272000843046101117135171210
and444672840843774112
a4579728408438
Member463872840845895149188224246
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the49837284084185491
Board509472840843978116138176
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all53917284084385471
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entities49947368084367391107125141178206
in522073680841753
India.52947368084175492109147167