Manufacturing Digital Magazine January 2025 | Page 90

A man stands with a Mini Cooper in Alappuzha , Kerala
AUTOMOTIVE MANUFACTURING
• India sold 1,325,112 EVs in FY24 , with the EV market expected to reach US $ 7.09 billion by 2025 .
• The value of automobile components imported into India in 2024 is estimated to be US $ 20.9 bn , a 3 % increase from the previous year
• India is home to the world ’ s largest tractor manufacturer by volume , Mahindra & Mahindra Limited
• It took India five years to electrify 45 % of its railway network , with the government now aiming for net zero 2030
India has electrified almost all of its railways , positioning it far ahead of other nations