Dr. Hanif Qureshi, IPS’ Post

Piyush Goyal sets $100 billion export target for auto component industry by 2030 India's auto component industry has been challenged to aim for a five-fold increase in exports, reaching $100 billion by 2030. This ambitious target was set by Piyush Goyal, Minister of Commerce and Industry, during the annual Automotive Component Manufacturers Association of India (ACMA) conference. Goyal emphasised the potential for the industry to become a key player in both domestic sales and exports, citing the sector's role as one of the largest job generators in the country. The Indian auto component sector saw a turnover of Rs 6.14 lakh crore ($74.1 billion) in 2023-24, with exports accounting for $21.2 billion and imports at $20.9 billion. The minister stressed the need for manufacturers to scale up investments in capacity, quality, and digitalisation to meet global standards and capitalise on Free Trade Agreements (FTAs). Global automakers are increasingly looking to India as a reliable, cost-effective manufacturing hub, especially as they diversify beyond China. This shift presents an opportunity for Indian manufacturers to expand their market share in exports. To achieve the $100 billion target, Goyal highlighted the need for greater localisation in the supply chain. Many Indian component makers still rely on imports for key parts such as engine components, chassis, suspension, and braking systems. If you are a fresher in the Export field. 🔥Join our Startup Export Training.  For more details. 💰 Visit www.ucorpexim.in or Contact 7598 404848 If you have basic about the Export field 🔥Join our Advanced Realtime Export Training. For more details. 💰Visit www.ucorpareto.com or Contact 7598 786858 #export #exporter #exportimport #exports #importexport #exportproduct #exportbusiness #exportbag #exportquality #exportindia #exporting #exportimportdata #eximedia #indiaexport #indiaexports #indiaexporters #indiaexportimport #indiabusiness #ucorpexim #exporttraining#exportstraining #exportertraining #exporterstraining #importtraining #importstraining #importertraining #importerstraining #ucorp

Piyush Goyal sets $100 billion export target for auto component industry by 2030 India's auto component industry has been challenged to aim for a five-fold increase in exports, reaching $100 billion by 2030. This ambitious target was set by Piyush Goyal, Minister of Commerce and Industry, during the annual Automotive Component Manufacturers Association of India (ACMA) conference. Goyal emphasised the potential for the industry to become a key player in both domestic sales and exports, citing the sector's role as one of the largest job generators in the country. The Indian auto component sector saw a turnover of Rs 6.14 lakh crore ($74.1 billion) in 2023-24, with exports accounting for $21.2 billion and imports at $20.9 billion. The minister stressed the need for manufacturers to scale up investments in capacity, quality, and digitalisation to meet global standards and capitalise on Free Trade Agreements (FTAs). Global automakers are increasingly looking to India as a reliable, cost-effective manufacturing hub, especially as they diversify beyond China. This shift presents an opportunity for Indian manufacturers to expand their market share in exports. To achieve the $100 billion target, Goyal highlighted the need for greater localisation in the supply chain. Many Indian component makers still rely on imports for key parts such as engine components, chassis, suspension, and braking systems. If you are a fresher in the Export field. 🔥Join our Startup Export Training.  For more details. 💰 Visit www.ucorpexim.in or Contact 7598 404848 If you have basic about the Export field 🔥Join our Advanced Realtime Export Training. For more details. 💰Visit www.ucorpareto.com or Contact 7598 786858 #export #exporter #exportimport #exports #importexport #exportproduct #exportbusiness #exportbag #exportquality #exportindia #exporting #exportimportdata #eximedia #indiaexport #indiaexports #indiaexporters #indiaexportimport #indiabusiness #ucorpexim #exporttraining#exportstraining #exportertraining #exporterstraining #importtraining #importstraining #importertraining #importerstraining #ucorp

Transforming India into an Automobile Export Hub India's automobile industry is a cornerstone of the national economy, contributing 8% of the country's total exports and 7.1% of the GDP. The Government of India and the Ministry of Heavy Industries have implemented numerous reforms in the automotive sector. These initiatives have been pivotal in creating a robust ecosystem that supports the rapid growth of the automotive industry in the country. As a result, exports have surged from 3.1 million units in 2013-2014 to 4.5 million units in 2023-2024. Despite this impressive growth, there remains significant potential for further expansion in the coming years. With continued innovation and strategic initiatives, India's automotive industry is well on its way to becoming a global export powerhouse. #AutomobileExportHub #IndianEconomy #AutomotiveIndustry #MHI #EconomicGrowth #Innovation #SustainableGrowth

Innovation significantly boosts India's automotive industry by driving advancements in autonomous vehicles, manufacturing efficiency, customer experiences, safety, and predictive maintenance. This fosters economic growth and positions India as a potential global export powerhouse in the automotive sector.

The automotive industry in India is one of the main pillars of the economy, contributing about 7.1% to the National GDP. Export of the total number of automobiles increased from 4,134,047 in 2020-21 to 5,617,246 in 2021-22, registering a positive growth of 35.9% It is projected that exports will reach 17.8 million by 2026. Ministry Of Heavy Industries | World Trade Centers Association | World Trade Center Shamshabad - India | Varaprasad Reddy Yarram | Vamsi Krishna Jadala #automobile #automobiles #automobileindustry #export #exports #exportpromotion #growth #gdp #india #indian #indianautomobiles #manufacturing #manufacturingindustry

🚗 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗔𝘂𝘁𝗼𝗺𝗼𝗯𝗶𝗹𝗲 𝗘𝘅𝗽𝗼𝗿𝘁𝘀 𝗦𝘂𝗿𝗴𝗲 𝗯𝘆 𝟭𝟰% 𝗶𝗻 𝗔𝗽𝗿𝗶𝗹-𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟰 🚗 The Indian 𝗮𝘂𝘁𝗼𝗺𝗼𝗯𝗶𝗹𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗶𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝘃𝗲 𝘀𝘁𝗿𝗶𝗱𝗲𝘀 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆 🚀 𝗕𝗲𝘁𝘄𝗲𝗲𝗻 𝗔𝗽𝗿𝗶𝗹 𝗮𝗻𝗱 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟰, 𝗮𝘂𝘁𝗼𝗺𝗼𝗯𝗶𝗹𝗲 𝗲𝘅𝗽𝗼𝗿𝘁𝘀 𝗳𝗿𝗼𝗺 𝗜𝗻𝗱𝗶𝗮 𝘀𝗮𝘄 𝗮 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝟭𝟰% 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲, showcasing the sector's resilience and competitiveness on the international stage. This growth, particularly 𝗶𝗻 𝗽𝗮𝘀𝘀𝗲𝗻𝗴𝗲𝗿 𝘃𝗲𝗵𝗶𝗰𝗹𝗲𝘀 𝗮𝗻𝗱 𝘁𝘄𝗼-𝘄𝗵𝗲𝗲𝗹𝗲𝗿𝘀, reflects India's robust manufacturing capabilities, improved trade policies, and the country's growing reputation as a key player in the global automotive market. As global trade professionals, it's exciting to see how strategic reforms and investments in technology are paying off, further cementing India’s position as a major export hub. #AutomobileExports #MadeInIndia #GlobalTrade #SupplyChain #AutoIndustry #ExportGrowth #Manufacturing #TradeCompliance #Exporters #FICCI #CII #Traders #Supplychain #Logistics

India has become the South African automotive industry’s top country of origin for vehicle imports since 2013, the Automotive Business Council says in its BRICS+ Research Report 2024. This news is published in various media 4 days back and hope the Indian Auto Parts Manufacturers have noted it. Africa, particularly South Africa, has turned to the "Gold Rush" for the Indian Automotive Industry. The South African market is not easy to enter and gain quick traction. The parts manufacturer needs a strong Business Strategy and a Perfect Partner/Guide to win this market and grow. Lakshya Engineering is the only Indian company bridging the gap between Indian Manufacturers and African Importers/Buying groups. We have been working on this market for more than 8 years now and supported quite a few Indian Manufacturers to establish a strong business in this market. Do not wait anymore and connect with us to grow and achieve your "Lakshya (Goal)" #indiaexport, #southafrica, #automotiveaftermarket, #saauto, #exports picture courtesy: business-standard article - https://lnkd.in/dhnH5nvA

As my brother Sushant wisely pointed out where we can strategize and optimize but we can't always foresee the challenges that lie ahead. I would like to add this : What’s driving this impressive growth? A strategic approach that integrates Operational Excellence, Inventory Management, and effective Supply Chain Management (SCM)! ⚙️📊 A Strategic Approach: Streamlined Operations: Lean manufacturing principles have enabled Indian automakers to optimize production, reduce waste, and enhance efficiency, allowing them to meet rising demand without sacrificing quality. Smart Inventory Management: Real-time analytics and forecasting ensure that the right stock levels are maintained, preventing overstock and stockouts, which is vital for smooth operations. Proactive Supply Chain Strategies: By diversifying their supplier base and leveraging technology, manufacturers have built resilient supply chains that mitigate risks and ensure timely delivery of components. What’s next? An even more robust operational strategy, enhanced global market presence, and continuous innovation to meet the ever-growing demand! 💡

• 𝗜𝗻𝗱𝗶𝗮𝗻 𝗔𝘂𝘁𝗼 𝗲𝘅𝗽𝗼𝗿𝘁𝘀 𝗿𝗶𝘀𝗲 𝟭𝟰% 𝘆𝗼𝘆 𝗶𝗻 𝗔𝗽𝗿𝗶𝗹-𝗦𝗲𝗽𝘁, 𝗹𝗲𝗱 𝗯𝘆 𝗣𝗩𝘀, 𝟮𝗪𝘀. ▪️ Recovery in demand from key markets of Latin America, Africa cited as reason. ▪️ Automobile exports in the first six months of the current fiscal year rose by 14.3% year-on-year, led by gains in shipments of passenger vehicles and two wheelers. ▪️ There was no impact of the Israel-Iran war as of now on exports from India, a top official at Society of Indian Automobile Manufacturers. ▪️ During the April-September period, the exports of total PVs grew by 12% yoy to 3,76,679 units compared with 3,36,754 units in the same period last year. ▪️ Key markets like Latin America and Africa, which had slowed down for various reasons, have bounced back and that has been the main reason for exports bouncing back. 𝗜𝗻𝗱𝗶𝗮𝗻 𝗰𝗮𝗿 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗲𝗿𝘀 𝗯𝗲𝗻𝗲𝗳𝗶𝘁 𝗳𝗿𝗼𝗺 𝗲𝘅𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗯𝘆 𝗴𝗮𝗶𝗻𝗶𝗻𝗴 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗴𝗹𝗼𝗯𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁𝘀, 𝗱𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝘆𝗶𝗻𝗴 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝘀𝘁𝗿𝗲𝗮𝗺𝘀, 𝗯𝗼𝗼𝘀𝘁𝗶𝗻𝗴 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆, 𝗮𝗻𝗱 𝗲𝗻𝗵𝗮𝗻𝗰𝗶𝗻𝗴 𝗯𝗿𝗮𝗻𝗱 𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘁𝗶𝗼𝗻 𝘄𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲. 𝗟𝗶𝘀𝘁 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮𝗻-𝗹𝗶𝘀𝘁𝗲𝗱 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗲𝘅𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗰𝗮𝗿𝘀 𝗶𝗻 𝟮𝟬𝟮𝟰:- 1.Maruti Suzuki India Limited 2.Tata Motors 3.Mahindra and Mahindra Limited [Automotive and Farm Equipment Business] Rishabh Kale 🔶For more updates, follow Sushant Kawade #business #wealth #markets #financial #investmentstrategy #investments #investment

🚗 **India: Poised to Become the World's Second Largest Automobile Producer!** 🇮🇳 Union Minister Nitin Gadkari recently announced that India is set to become the world's second-largest automobile producer within the next five years. This remarkable growth reflects a shift from cost-centric to quality-centric manufacturing. 🔹 **Current Standing:** India is now the third-largest automobile industry, surpassing Japan, just behind the US and China. 🔹 **Economic Impact:** The industry is valued at Rs 20 lakh crore, contributing Rs 3 lakh crore in GST and creating 4 crore jobs. It's not only a wealth generator but also a massive employment creator. 🔹 **Export Success:** The two-wheeler industry is thriving, with exports of 34.6 lakh units in FY 2023-2024. 🔹 **Domestic Market:** Domestic sales of two-wheelers reached 1.79 crore in 2023-2024. 🔹 **Green Initiatives:** Emphasizing alternative fuels, projects like bio-CNG production from rice straw are leading the way for sustainable growth. Let's drive towards a greener, more prosperous future! 🌱🚀 #AutomobileIndustry #India #EconomicGrowth #SustainableTransport #GreenEnergy #MakeInIndia