India’s auto industry reached 32.9 million vehicles in total sales, reshaping growth across passenger vehicles, two-wheelers, and commercial categories. The employment and investment engine behind that demand is large, with auto sector activity supporting tens of millions of jobs and contributing 7.1% to India’s GDP. The rest of the story sits in the splits between exports, production output, and the policy push for cleaner powertrains.
Key Takeaways
- Automobile industry employs over 37 million people directly and indirectly as of 2023
- India's auto exports reached 4.68 million units in FY23, up 35.1% YoY
- PLI scheme for auto sector allocated INR 25,938 crore for 2021-2026
- In FY23, India's passenger vehicle production reached 4.46 million units, marking a 19.1% YoY growth
- Passenger vehicle sales in India reached 3.89 million units in FY23, growing 23.5% YoY
Indian automaker sales and exports continue to grow, showing sustained momentum across the industry.
Related reading
01 · Category
Employment and Investments20 stats
01
Automobile industry employs over 37 million people directly and indirectly as of 2023
02
Auto sector contributes 7.1% to India's GDP in FY23
03
FDI inflows into auto sector reached $34.6 billion cumulatively till FY23
04
Over 1.5 million direct jobs in auto manufacturing as of 2023
05
R&D investment in auto industry was INR 25,000 crore in FY23
06
Auto industry attracted $31 billion FDI from 2000-2023
07
3.5 lakh MSMEs support auto sector, employing 5 million
08
Skill India trained 2 lakh auto workers by 2023
09
Tata Motors invested INR 36,000 crore in EVs by 2025
10
Mahindra's capex at INR 17,000 crore for FY24-27
11
Auto cluster in TN employs 1.2 mn people
12
Hyundai India invested $4 bn cumulatively by 2024
13
Kia India capex INR 8,000 cr for expansions
14
Women workforce in auto up to 15% by 2025 target
15
Maruti Suzuki skill centers trained 50,000 youth by 2024
16
Pune auto cluster employs 8 lakh direct jobs
17
MG Motor India invested INR 7,000 cr by 2024
18
Auto ancillary turnover INR 6.5 lakh cr FY23
19
1,200 auto component manufacturers in India
20
Toyota Kirloskar invested INR 16,000 cr in TN plant
Interpretation
Employment and Investments Interpretation
India's auto industry isn't just building cars; it's single-handedly driving the nation's employment, GDP, and global ambitions, all while frantically retooling for an electric future on the back of a colossal and skilled workforce.
02 · Category
Exports and Imports20 stats
01
India's auto exports reached 4.68 million units in FY23, up 35.1% YoY
02
Passenger vehicle exports grew to 0.68 million units in FY23, a 83.9% YoY increase
03
Two-wheeler exports hit 3.02 million units in FY23, up 41.2% YoY
04
Commercial vehicle exports reached 0.47 million units in FY23, growing 76.2% YoY
05
Auto component exports from India were $18.8 billion in FY23, up 15.8% YoY
06
Auto exports grew 16% to 48.39 lakh units in FY24
07
PV exports up 26.2% to 3.12 lakh units in Q1 FY25
08
Engine exports from India reached $1.2 billion in FY23
09
Auto imports were $16.5 billion in FY23
10
Body parts imports stood at $2.8 billion in FY23
11
Exports to Africa up 40% to 5 lakh units FY24
12
Latin America auto exports $2.5 bn FY23
13
Tyre exports from India $2.4 bn in FY23
14
Gear box imports $1.1 bn FY23
15
EV component imports $500 mn FY23
16
US auto exports from India $1 bn FY23
17
Electrical parts exports $3.2 bn FY23
18
Chassis imports $800 mn FY23
19
Transmission imports down 10% to $900 mn FY23
20
Forging imports $1.5 bn FY23
Interpretation
Exports and Imports Interpretation
India is firing on all cylinders to become the world's garage, exporting vehicles and components at a breakneck pace, yet its own chassis still hums to the tune of significant imports, revealing a complex engine of global trade.
03 · Category
Policy and Projections16 stats
01
PLI scheme for auto sector allocated INR 25,938 crore for 2021-2026
02
EV production target set at 30% of total auto production by 2030
03
FAME-II scheme disbursed INR 3,000 crore subsidies till 2023
04
Indian auto market projected to reach $300 billion by 2026
05
EV sales expected to hit 10 million units annually by 2030
06
BS-VI norms implemented from April 2020, reducing emissions 70%
07
Auto PLI approved 57 projects worth INR 74,850 crore by 2024
08
India aims for $200 billion auto turnover by 2026
09
CNG vehicle sales up 91% to 2.4 lakh units in FY24
10
Ethanol blending target 20% by 2025
11
Scrap policy to recycle 20 mn vehicles by 2025
12
Auto market size $160 bn in FY24, CAGR 10% projected
13
Hydrogen fuel cell policy notified 2023
14
Gati Shakti for 100 auto corridors by 2025
15
Flex fuel vehicle policy approved 2022
16
India EV market to grow at 49% CAGR to 2030
Interpretation
Policy and Projections Interpretation
India is betting a mountain of rupees on a future where its roads are quieter and cleaner, but getting there requires a chaotic yet ambitious orchestra of subsidies, stricter rules, and a scramble for everything from ethanol to hydrogen, all while trying to recycle millions of old clunkers.
More related reading
04 · Category
Production Statistics23 stats
01
In FY23, India's passenger vehicle production reached 4.46 million units, marking a 19.1% YoY growth
02
Two-wheeler production in India hit 17.53 million units in FY23, up 18.5% from FY22
03
Commercial vehicle production stood at 0.85 million units in FY23, growing 24.4% YoY
04
Three-wheeler production reached 0.61 million units in FY23, a 62.5% increase YoY
05
Tractor production in India was 0.94 million units in FY23, up 14.8% YoY
06
Passenger vehicle production was 25.06 lakh units in April 2024, up 15.4% YoY
07
Two-wheeler production reached 1.96 crore units in FY24, up 13.3% YoY
08
CV production stood at 8.18 lakh units in FY24, growing 3.3% YoY
09
Three-wheeler output hit 5.13 lakh units in FY24, up 57.2% YoY
10
Quadricycle production was 2,500 units in FY23
11
Total PV production capacity utilization at 75% in FY23
12
Hero MotoCorp produced 58 lakh 2Ws in FY24
13
Ashok Leyland CV production up 20% to 1.8 lakh units FY24
14
Mahindra 3W production at 3.5 lakh units FY24
15
Sonalika Tractors output 1.5 lakh units FY24
16
Ola Electric 2W production ramped to 1 lakh/month by 2024
17
CV production capacity 1.5 mn units by 2025
18
Bajaj Auto 2W production 4.2 mn units FY24
19
Tata Motors PV output 9.5 lakh FY24
20
Eicher Tractor production 85,000 units FY24
21
Piaggio 3W production 1.2 lakh FY24
22
Escorts Kubota tractor output 85,000 FY24
23
Two-wheeler production in Oct 2023: 19.01 lakh units, up 9.8%
Interpretation
Production Statistics Interpretation
India's roads are a grand traffic jam of progress, with a roaring stampede of two-wheelers leading the charge, a determined fleet of commercial vehicles hauling the economy, and a patient parade of tractors tilling the land, all while electric three-wheelers quietly plot their takeover from the rickshaw ranks.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Helena Kowalczyk. (2026, February 13). Indian Automobile Industry Statistics. Gitnux. https://gitnux.org/indian-automobile-industry-statistics
MLA
Helena Kowalczyk. "Indian Automobile Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/indian-automobile-industry-statistics.
Chicago
Helena Kowalczyk. 2026. "Indian Automobile Industry Statistics." Gitnux. https://gitnux.org/indian-automobile-industry-statistics.
Sources & references
45 datasets cited across this report