Investment in India: OEMs, Two-wheelers, and Suppliers

Tamil Nadu Global Investors Meet (TNGIM) and Vibrant Gujarat Global Summit 2024

2024/02/05

Table of contents

Summary
Investment in Automotive Sector in India
Tamil Nadu Global Investors Meet (TNGIM) 2024
Vibrant Gujarat Global Summit 2024
OEMs (VinFast, Hyundai, Stellantis, Suzuki, Ashok Leyland, Gensol)
Two-Wheeler Companies (Royal Enfield, TVS, Wardwizard, Terra Motors, Nexzu)
Component Suppliers
Associated Suppliers

Summary

India is the world's third-largest Automobile market. India reported over 4 million sales of new vehicles in 2023 for the first time in a calendar year. Like global trends, the Indian automotive industry is also going through a lot of transformation. The opportunity in the Indian market is huge and it is attracting a lot of investment.

Recently, two major states in India Tamil Nadu and Gujarat, which also have a sizable automotive manufacturing landscape, organized investor meetings to attract potential companies to invest in the states. The events were successful, and a lot of investment was reported in them. It also includes a good number of announcements from the automotive industry.

This report covers the automotive-related agreements, announcements, and partnerships announced at the Tamil Nadu Global Investors Meet (TNGIM) 2024 and Vibrant Gujarat Global Summit 2024.

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