Automotive industry likely to reach USD 1 trillion by 2035: report

Mumbai: Indian automotive industry could reach USD one trillion by 2035, driven by exports, technology and innovation, predicted a report released by Arthur D Little on Wednesday.
The report, titled “Transforming India into a Global Automotive Hub: Roadmap for the Automotive Ecosystem”, has identified five pillars that must be strengthened to create a leadership position for India in the global automotive industry, a press release said here.
Commenting on the report, Barnik Chitran Maitra, managing partner, Arthur D Little, India & South Asia, said, “The industry can drive investments and collaboration, paving the way for India to emerge as a global automotive hub with a USD 1 trillion vision for 2035.”

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