The automotive industry globally is seeing a significant transformation due to technological innovations and the shift towards clean mobility. It’s driven by Personalization, Autonomous, Connected, and Electric mobility megatrends.

While global growth remains subdued, India continues to stand out due to its growing economy, rising per capita income, strong domestic demand, increasing localization, and electrification. The auto sector, which was sluggish in FY25, is poised for a recovery in FY26, aided by the recent reduction in goods and services tax (GST) and savings on account of income tax rationalization.

At the same time, government initiatives such as FAME India, PLI Scheme for the automobile and auto components industry, and the PM E-Drive Scheme are giving a further boost t

See Full Page