The latest edition of Autocar Professional delves into India’s evolving role in global automotive trade amid significant shifts in international economic policy. As developed nations like the United States adopt protectionist measures—including steep tariff hikes—India is simultaneously engaging in Free Trade Agreement (FTA) negotiations with the UK and EU. These developments present a critical opportunity for India to both safeguard its domestic market and expand its global presence.
Despite being the world’s third-largest passenger vehicle market and a top producer of two-wheelers, commercial vehicles, tractors, and three-wheelers, India’s share in global automotive trade remains relatively small. However, as trade barriers rise for competitors like China, India has a chance to emerge as a cost-effective and reliable partner in global supply chains—particularly in key markets like the $340-billion US auto component sector.
The issue also explores how FTAs could help Indian OEMs and suppliers access advanced technologies and premium markets. The edition also features strategic partnerships shaping the industry, including potential collaborations like Royal Enfield-CFMoto and Yamaha-River. It also honors the achievements of Dr. Pawan Goenka, a Padma Shri awardee, and reviews developments in the EV sector. From policy to innovation, this issue captures a sector in dynamic transition.
Autocar Professional magazine is available through all good newsagents and for download from Magzster.
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