Page 26 - Catalysing Chemicals WIP (Version 2.0) FINAL ARTWORK.cdr

Photo Credit : BASF

Automotive Sector

The Landscape

India’s automotive Contribution to GDP Given India’s commitment to
sector is the Automotive - reducing its carbon footprint,
6 Largest 7.1 % the Government has announced
th
in the world of GDP an ambitious plan to move
completely to Electric Vehicles by
2030. This will also help to reduce
Auto Components–
Average annual India’s fuel import bill. According
production in 2016 - 2.3 % of GDP to SIAM estimates, India’s electric
24 million Employment - vehicle sales stood at 22,000 units
in 2015~2016. Four wheelers
vehicles 25 million people,
directly and indirectly accounted for a little less than
10% of these sales.

Passenger vehicle Commercial vehicles Two wheelers
24 million units 24 million units 24 million units
9.4 million units 2.0 million units 50.6 million units

Three wheelers Auto components Annual Annual
Production Production 2026
24 million units USD 39 billion 2016 (Estimates)
0.95 million units USD 200 billion

22 Chemistry Everywhere
In Pursuit of Sustainable Development