Automotive

Global automotive industry, anchored in technological innovation, mobility services, and international trade, was valued at USD 4.2 trillion in 2024 and is projected to reach USD 7.44 trillion by 2032, growing at a strong 7.4% CAGR. Global Automotive industry demand for passenger cars, commercial vehicles, electric vehicles (EVs), hybrid vehicles, and autonomous vehicles continues to expand, supported by cross-border supply chains and rising exports. India alone exported 5.3 million vehicles in FY 2025 (a 19% YoY surge), while global automotive exports reached 672,000 units in 2024, underscoring the sector’s interconnected trade and logistics ecosystem.

Competitive landscape of the global automotive industry is dynamic. Toyota, Volkswagen, Hyundai, and Ford dominate passenger and commercial vehicle markets, while disruptors like Tesla, BYD, and Rimac spearhead the rise of electric mobility, autonomous driving, AI-powered dashboards, connected car services, and advanced driver-assistance systems (ADAS). Automotive industry product portfolios are evolving rapidly, spanning hybrids, electric propulsion systems, ride-hailing platforms, digital mobility ecosystems, vehicle telematics, and predictive maintenance technologies that redefine the consumer experience.

Automotive industry pricing strategies are shaped by horsepower, digital sophistication, government EV subsidies, carbon regulations, and smart city mobility demands, balancing affordability with advanced automotive technologies. Automotive industry growth is expected to be anchored in electric propulsion, autonomous navigation, connected and shared mobility, hydrogen fuel cell vehicles, sustainable manufacturing, and quantum computing-driven R&D, supported by regulatory pushes, ESG mandates, IoT integration, and evolving consumer lifestyles. More than just vehicles, the automotive and transportation sector is transforming into a globally networked, innovation-led mobility ecosystem, reshaping the economics of transportation, sustainability, and future mobility solutions.