Overview
- Toyota has more than $3 billion earmarked to expand its Karnataka factory and build a new plant in Maharashtra, targeting over 1 million units of capacity in India and 15 new or refreshed models by 2030.
- Suzuki plans roughly $8 billion to lift Indian output to about 4 million cars a year and position the country as its global production hub with expanded exports.
- Honda will use India as the production and export base for one Zero Series electric model, with shipments to Japan and other Asian markets beginning in 2027.
- Japan’s direct investment in India’s transport sector climbed to 294 billion yen in 2024 as investment in China’s transport sector fell to 46 billion yen, signaling a reallocation of capital.
- India produced about 5 million passenger cars in the last financial year and exported nearly 800,000, supported by Make in India incentives and barriers that limit new Chinese automakers.