India Automotive Market Set to Grow by USD 60.6 Billion by 2029: What the Next Phase of Expansion Looks Like
Sushant Kumar, Independent DirectorNew Delhi [India], February 17: India’s automotive sector is entering a decisive growth phase. With projections indicating an additional $60.6 billion in market expansion by 2029, the industry is no longer simply riding a cyclical recovery; it is undergoing a structural transformation.
The growth narrative is being shaped by three parallel forces: resilient domestic demand, policy-led manufacturing expansion, and a technology-driven shift across the value chain. Together, these forces signal that the next phase of India’s automotive journey will look materially different from the last decade.
Drawing on over 18 years of experience in India’s manufacturing and automotive sectors, independent director Sushant Kumar stated, “The industry is no longer g...