Maharashtra's industrial landscape is defined by scale. The state's automotive sector alone produced 5.2 million vehicles in a recent fiscal year. Its manufacturing exports reached 45 billion dollars, while the IT sector contributed 4.2 lakh crore rupees to the state's economy.
Key Takeaways
- Maharashtra's auto industry produced 5.2 million vehicles in FY23, 35% of India's total
- Maharashtra's IT/ITES sector contributed Rs 4.2 lakh crore to GSDP in FY23, 11% of state GSDP
- In FY 2022-23, Maharashtra's manufacturing sector contributed Rs 12.45 lakh crore to the state's GSDP, representing 18.7% of the total GSDP
- Maharashtra's pharma industry produced 35% of India's formulations worth Rs 2.8 lakh crore in FY23
- Textile industry in Maharashtra produced 1,200 million kg yarn in FY23, 18% of India total
Maharashtra’s industry growth stays strong, supported by rising output and steady investment across key sectors.
Related reading
01 · Category
Automotive And Engineering20 stats
01
Maharashtra's auto industry produced 5.2 million vehicles in FY23, 35% of India's total
02
Pune auto cluster has 4,500 ancillary units supplying Rs 2 lakh crore components annually
03
Tata Motors Pune plant rolled out 1.8 lakh commercial vehicles in 2023
04
Two-wheeler production from Bajaj and Hero reached 3.5 million units in FY23
05
Electric vehicle manufacturing capacity hit 1 million units pa with 50,000 EVs produced in 2023
06
Engineering exports from Maharashtra were USD 18 billion in 2022-23, led by auto parts
07
Chakan MIDC hosts 120 auto OEMs and 2,000 Tier-I suppliers employing 3 lakh
08
Tractor manufacturing by Sonalika and others produced 1.2 lakh units in 2023
09
Aerospace engineering firms supplied Rs 15,000 crore parts to Boeing and Airbus in FY23
10
Heavy engineering like L&T produced 500 turbines and 200 pressure vessels in 2023
11
Machine tools manufacturing output Rs 18,000 crore from 450 units in Pune-Nashik
12
Forging industry capacity 2 million tonnes pa, supplying 40% auto sector needs
13
Railway coaches production at Kurla workshop: 1,500 coaches annually in 2023
14
Construction equipment manufacturing by ACE and others: 25,000 units in FY23
15
Pump and valve engineering output Rs 12,000 crore exports from 800 units
16
Wind turbine manufacturing by Suzlon produced 2 GW capacity components in 2023
17
Material handling equipment from Godrej and others: 50,000 units pa capacity
18
Precision engineering for defence: Rs 8,000 crore orders executed in FY23
19
Industrial robotics firms installed 5,000 robots in auto plants in 2023
20
Heat treatment and surface engineering services for 10,000 auto components daily
Interpretation
Automotive And Engineering Interpretation
Maharashtra’s industrial strength in auto and engineering is scaling rapidly, with EV capacity reaching 1 million units per year while FY23 production totals stand at 5.2 million vehicles and engineering exports hitting USD 18 billion in 2022 to 23.
02 · Category
It And Services24 stats
01
Maharashtra's IT/ITES sector contributed Rs 4.2 lakh crore to GSDP in FY23, 11% of state GSDP
02
Pune IT hubs host 1,200 companies employing 25 lakh professionals as of 2023
03
Mumbai's BPO/KPO industry generated USD 8.5 billion exports in FY22-23, 20% of India's total
04
Nagpur's MIHAN SEZ has 150 IT firms with 50,000 seats operational in 2023
05
Maharashtra's software exports reached USD 42 billion in 2022-23, led by TCS and Infosys campuses
06
The state has 45% of India's data centers with 250 MW capacity installed by 2023
07
Fintech startups in Mumbai numbered 850 in 2023, raising USD 2.5 billion funding
08
Gaming and animation industry employed 15,000 people generating Rs 5,000 crore revenue in FY23
09
AI and ML firms in Pune cluster developed 200 products adopted by Fortune 500 companies in 2023
10
Cloud computing services from AWS and Azure data centers in Navi Mumbai served 40% of India’s enterprises in 2023
11
Cybersecurity firms in Maharashtra protected 60% of banking transactions worth Rs 1,200 lakh crore annually
12
E-commerce logistics IT solutions from 300 firms handled 500 million orders in FY23
13
Healthtech IT startups numbered 450, telemedicine consultations hit 10 million in 2023
14
Edtech platforms based in Mumbai reached 20 million users with Rs 3,500 crore revenue in FY23
15
AR/VR development firms produced content for 50 enterprise clients worth Rs 1,200 crore
16
Blockchain startups in the state tokenized assets worth USD 1 billion in 2023 pilots
17
Drone tech IT services mapped 2 million hectares for agriculture in Maharashtra in 2023
18
Digital marketing agencies handled Rs 15,000 crore ad spends for 5,000 brands in FY23
19
ERP software implementations by local firms covered 12,000 SMEs in 2023
20
IoT solutions deployed in 5,000 factories monitoring 1 million devices real-time
21
Robotic process automation saved Rs 8,000 crore for 200 enterprises in FY23
22
Big data analytics firms processed 10 petabytes data for retail sector in 2023
23
SaaS companies from Pune achieved USD 500 million ARR in 2023
24
Contact centers operated 2.5 lakh seats handling 1 billion interactions annually
Interpretation
It And Services Interpretation
With Maharashtra accounting for 45% of India’s data centers and supporting IT and digital services across hubs like Pune’s 1,200 companies and Mumbai’s USD 8.5 billion BPO and KPO exports, the state is clearly scaling into a nationwide technology powerhouse by 2023.
03 · Category
Manufacturing30 stats
01
In FY 2022-23, Maharashtra's manufacturing sector contributed Rs 12.45 lakh crore to the state's GSDP, representing 18.7% of the total GSDP
02
Maharashtra hosts over 2.5 lakh registered manufacturing units, employing more than 45 lakh people as of 2023
03
The state's index of industrial production (IIP) for manufacturing grew by 7.2% in 2022-23 compared to 4.8% national average
04
Mumbai-Pune industrial corridor has 1,200 large-scale manufacturing plants producing engineering goods worth Rs 3 lakh crore annually
05
In 2023, Maharashtra's manufacturing exports reached USD 45 billion, 14% of India's total manufacturing exports
06
Aurangabad MIDC hosts 12,000 manufacturing units with a combined turnover of Rs 2.5 lakh crore in FY23
07
Steel production in Maharashtra was 8.5 million tonnes in 2022, with JSW Steel contributing 4.2 MT from Dolvi plant
08
The state has 45% of India's large-scale engineering manufacturing firms, generating Rs 4.8 lakh crore revenue in 2023
09
Nashik's manufacturing cluster produced 15% of India's machine tools worth Rs 12,000 crore in FY22-23
10
Maharashtra's cement industry capacity stands at 25 million tonnes per annum, with 18 plants operational in 2023
11
Paper and pulp manufacturing output in Maharashtra reached 2.1 million tonnes in 2022-23, led by ITC and JP Paper
12
The state accounts for 22% of India's rubber products manufacturing, with 850 units producing 4.5 lakh tonnes annually
13
In FY23, electrical equipment manufacturing in Maharashtra generated Rs 1.2 lakh crore, with 20% export share
14
Pune's Pimpri-Chinchwad industrial area has 5,500 manufacturing units employing 8 lakh workers as of 2023
15
Maharashtra's glass manufacturing sector produced 1.8 million tonnes in 2022, 28% of national production
16
Foundry industry in Maharashtra has 4,000 units casting 3 million tonnes of metal annually
17
Plastic products manufacturing output was Rs 75,000 crore in FY23 from 15,000 units across the state
18
Shipbuilding in Maharashtra, led by Mazagon Dock, delivered 12 warships valued at Rs 25,000 crore in 2022-23
19
Bicycle manufacturing in Pune cluster produced 12 million units in 2023, 35% of India's total
20
Defence manufacturing PSUs like Ordnance Factory Ambernath produced equipment worth Rs 5,000 crore in FY23
21
Maharashtra's furniture manufacturing industry has 2,000 units with Rs 20,000 crore turnover in 2023
22
Leather goods manufacturing from 1,200 units generated Rs 8,500 crore exports in FY22-23
23
Toy manufacturing sector in Maharashtra produced 5 million units worth Rs 1,200 crore in 2023
24
Gems and jewellery manufacturing hubs like Mumbai processed 25% of India's output valued at USD 30 billion in 2022
25
Handloom and powerloom manufacturing produced 1,200 million meters of fabric in FY23
26
Sports goods manufacturing from 500 units reached Rs 2,500 crore turnover in 2023
27
Stationery and office supplies manufacturing output was Rs 4,000 crore from 800 units in 2022-23
28
Paint manufacturing capacity in Maharashtra is 2.5 million KL per annum with 60% market share in west India
29
Tile and ceramic manufacturing produced 450 million sqm in FY23 from Morbi-Maharashtra clusters
30
Battery manufacturing sector, including Exide and Amaron, produced 15 million units worth Rs 18,000 crore in 2023
Interpretation
Manufacturing Interpretation
Maharashtra’s manufacturing momentum is clear as output and exports scale together, with manufacturing generating Rs 12.45 lakh crore in GSDP (18.7% share) and reaching USD 45 billion in exports in 2023, even as manufacturing IIP grew 7.2% in 2022-23 versus 4.8% nationally.
More related reading
04 · Category
Pharmaceuticals And Chemicals22 stats
01
Maharashtra's pharma industry produced 35% of India's formulations worth Rs 2.8 lakh crore in FY23
02
There are 4,500 pharma manufacturing units in the state, exporting USD 7.2 billion in 2022-23
03
Aurangabad pharma cluster has 120 API producers with 25% national capacity in 2023
04
Vaccine production from Serum Institute Pune reached 1.5 billion doses in 2023 globally
05
Generic drugs manufacturing output was Rs 1.5 lakh crore, 40% of India's supply in FY23
06
Biotech firms numbered 350, R&D spend Rs 12,000 crore in Maharashtra 2023
07
Chemical industry capacity is 15 million tonnes for petrochemicals from JNPT clusters
08
Specialty chemicals exports hit USD 4.5 billion from 800 units in FY23
09
Biosimilars production reached 20 products approved by USFDA from local firms in 2023
10
Fertilizer manufacturing plants produced 3.2 million tonnes urea equivalent in 2022-23
11
Pesticides and agrochemicals output was 85,000 tonnes from 250 units in FY23
12
Fine chemicals for pharma intermediates produced 2.5 lakh tonnes annually in 2023
13
Medical devices manufacturing from 500 units reached Rs 8,000 crore turnover in FY23
14
Nutraceuticals production was Rs 5,500 crore from 300 firms in 2023
15
Active Pharmaceutical Ingredients (API) plants numbered 200 with 30% import substitution achieved
16
Clinical trials conducted by CROs in Mumbai enrolled 50,000 patients in Phase III studies in 2023
17
Drug formulation plants certified by WHO-GMP: 1,200 operational in the state as of 2023
18
Bulk drug parks approved for 3 sites covering 1,800 acres for chemical manufacturing
19
Herbal and ayurvedic formulations output Rs 12,000 crore from 400 units in FY23
20
Polymer chemicals production reached 5 million tonnes from Reliance Jamnagar-Maharashtra links
21
Paint and coatings chemicals manufactured 1.2 million tonnes by Asian Paints etc. in 2023
22
Dyes and pigments output 1.5 lakh tonnes, 45% of India's production from Vapi-Maharashtra
Interpretation
Pharmaceuticals And Chemicals Interpretation
Maharashtra is driving India’s pharma and chemicals leadership with FY23 formulations worth Rs 2.8 lakh crore making up 35% of the national share alongside strong export and capacity signals such as USD 7.2 billion from 4,500 pharma units and Serum Institute Pune reaching 1.5 billion vaccine doses in 2023.
05 · Category
Textiles Food Processing And Others20 stats
01
Textile industry in Maharashtra produced 1,200 million kg yarn in FY23, 18% of India total
02
Ichalkaranji powerloom cluster wove 800 million meters fabric annually in 2023
03
Food processing sector turnover Rs 2.5 lakh crore, processing 40% of state's agri produce
04
Mumbai mills processed 25% of India's cotton ginning, 4 million bales in 2022-23
05
Sugar factories: 220 operational crushing 45 million tonnes cane in FY23
06
Fruit processing units produced 1.2 million tonnes juice/pulp from Alphonso mangoes
07
Ready-made garments exports USD 2.8 billion from 5,000 units in FY23
08
Dairy processing by Amul and others handled 50 lakh litres milk daily in 2023
09
Poultry processing plants processed 1.5 million tonnes meat annually
10
Spices processing output 2.5 lakh tonnes, 30% of India's packaged spices from Pune
11
Handicrafts exports Rs 5,000 crore from 10,000 artisans in FY23
12
Seafood processing from Ratnagiri: 3 lakh tonnes frozen shrimp in 2023
13
Cashew processing units handled 1.2 lakh tonnes nuts annually
14
Bakeries and confectionery turnover Rs 25,000 crore from 15,000 units
15
Edible oil processing capacity 5 million tonnes pa from groundnut and soy
16
Packaged drinking water plants: 2,500 units producing 10,000 million litres yearly
17
Organic food processing firms certified: 400, output Rs 4,500 crore in FY23
18
Jute and coir products manufacturing Rs 2,000 crore from 500 units
19
Khadi and village industries produced Rs 8,500 crore worth goods in 2023
20
Wine and alcohol processing from Nashik: 10 million cases bottled in FY23
Interpretation
Textiles Food Processing And Others Interpretation
Across Maharashtra’s food and textile value chains, output scales strongly with national and global reach, for example FY23 textile yarn hit 1,200 million kg (18% of India total) alongside 2.8 billion US dollars of ready made garment exports and Rs 2.5 lakh crore in food processing turnover.
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). Maharashtra Industry Statistics. Gitnux. https://gitnux.org/maharashtra-industry-statistics
MLA
Helena Kowalczyk. "Maharashtra Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/maharashtra-industry-statistics.
Chicago
Helena Kowalczyk. 2026. "Maharashtra Industry Statistics." Gitnux. https://gitnux.org/maharashtra-industry-statistics.
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