Automobiles

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Present Scenario and Strengths:

  • The State is a manufacturing hub for automotive majors such as Toyota Kirloskar, Volvo, TVS Motors, Tata Marcopolo, L&T Komatsu, Mahindra Reva, BOSCH, Siemens, and JK Tyres.
  • Bosch India, the world’s largest automotive supplier, has been headquartered in Bangalore since 1953.
  • Honda’s largest two wheeler manufacturing plant in the world is coming up in Narsapur, Kolar District.
  • Three existing auto clusters, one industrial valve cluster and one auto component cluster make Karnataka the preferred investment destination for automotive players globally.
  • Two more manufacturing hubs are coming up in Narsapur and Vemagal Industrial Areas in Kolar District.
  • The government is in the process of announcing a Dedicated Automobile Policy.

Potential / opportunities:

There is a huge potential in the automobile in Karnataka. The component industry caters to OEMs (all kinds of automobiles such as trucks, cars, SUVs, LCVs, buses, two-wheelers, and tractors) and exports.

With major international OEMs having manufacturing facilities in Karnataka, supply to them from within the country and this region in particular, has given the sector a huge impetus. Components are also being supplied across India to other OEMs from Karnataka. There is a potential to get into the global supply chain of international OEMs and a subsequent direct export to the after market and other OEMs globally.

Focus Sub-sectors for Global Investors Meet 2012:

  • Project Proposition: Automobile Manufacturing
  • Project Locations: Available on request
  • Investment Potential: INR 15,000 Crores
  • Project Proposition: Auto Component Manufacturing
  • Project Locations: Available on request
  • Investment Potential: INR 5,000 Crores
  • Project Proposition: Heavy Engineering and Machine Tools
  • Project Location: To be provided on request
  • Investment Potential: INR: 500 Crores
  • Project Proposition: Light Engineering Products
  • Project Location: To be provided on request
  • Investment Potential: INR 500 Crores