India: why invest in the automotive industry

Octagona supporta il business delle imprese italiane operanti nel comparto dell’industria automotive

L’India, terza economia asiatica, dopo la fase di rallentamento sperimentata negli ultimi anni sta ritornando a crescere a tassi elevati, grazie anche all’elezione di Narendra Modi avvenuta lo scorso anno e alle riforme implementate dal Governo.

One of the most promising sectors for Italian companies to enter is undoubtedly the automotive industry: the industry accounts for approximately 22.1% of the country’s total GDP and is one of the main sectors capable of creating jobs; furthermore, the Indian automotive market is set to become the third-largest globally by 2020, establishing itself as a major manufacturing hub.

Currently, local vehicle production, which averages around 17.5 million units per year, is dominated by the two-wheeler segment (approximately 13.5 million units sold in 2014), followed by commercial vehicles, passenger vehicles, and three-wheelers. To view the charts related to vehicle production and sales in India click here.

Anche il settore della componentistica auto sta attraversando una fase di forte espansione: il comparto potrebbe triplicare il proprio valore entro il 2020, rappresentando così il 3.5% del PIL nazionale; se a tutti questi elementi si aggiunge anche la campagna inaugurata dal Governo nello scorso mese di settembre “Make in India” (volta ad attirare investimenti produttivi in India), ben si comprende come le opportunità di business per le aziende italiane siano enormi.

Octagona, which can boast over ten years of experience in business internationalization, particularly in the Indian market, with a direct office in New Delhi, is capable of assisting companies in the sector interested in selling in the subcontinent.

If you are interested in accessing one of the most important emerging markets in the world, capable of offering enormous growth potential, call us at 059.9770184 or send an email to [email protected]: you will meet with one of our consultants to build, together with you, the best internationalization path.

ALSO READ:

The success of Italian companies in India

Internationalizing your business abroad: strategic choice or opportunity?

Digital export manager (DEM): internationalization in a digital context