India plans to double automobile production in the next five years and is targeting output of 200 million vehicles by 2047 under a new National Automotive Mission Plan (AMP), which is likely to be unveiled by the end of this fiscal
TDT | agencies
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India plans to double automobile production in the next five years and is targeting output of 200 million vehicles by 2047 under a new National Automotive Mission Plan (AMP), which is likely to be unveiled by the end of this fiscal year.
The blueprint, aligned with the government’s Viksit Bharat goals, will prioritise localisation of sustainable mobility solutions such as hydrogen, electric, CNG, and biogas vehicles, while not restricting conventional petrol and diesel models.
According to officials, production is projected to reach 50 million vehicles in 2030, before scaling up to 200 million units by 2047. Export volumes are also expected to rise from around 30% of domestic passenger vehicle output in 2030 to 40% by 2047.
“These numbers are part of initial discussions and may evolve after consultations with economists and think tanks like Niti Aayog,” a senior industry executive said. The final plan is expected to be ready before the close of the current fiscal.
