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India aims to be among top 2 auto makers, double auto production in 5 years
['Ev Richard']
VerveTimes
India is setting an ambitious aim of doubling automobile production over the next five years, and a further fourfold surge to around 200 million vehicles by 2047.
This would catapult the country to among the top two global automobile producers, according to a new national automotive mission plan (AMP).
The plan is currently in the works and is expected to be unveiled by this fiscal year-end.
The mission was discussed last week including with auto industry representatives.
India produced about 25 million vehicles in 2023-24.