AMP 2047: India’s Roadmap to Becoming a Global Automotive Powerhouse

The Government of India has unveiled its Automotive Mission Plan 2047 (AMP 2047)—an ambitious, multi-decade strategy aimed at positioning India among the world’s top automotive manufacturing and innovation hubs. This initiative builds on the achievements of the Automotive Mission Plan 2026, but with a significantly expanded scope to align with India’s Viksit Bharat vision.

The Vision

AMP 2047 seeks to transform the Indian automotive sector into:

• A global manufacturing leader in conventional, electric, and future mobility solutions.
• A key innovation hub for research in green technology, hydrogen fuel cells, autonomous driving, and connected mobility.
• A sustainable industry with sharply reduced emissions and circular economy practices.

The mission outlines three critical milestones:

• 2030 – Achieve dominance in select global markets, strengthen supply chains, and accelerate EV penetration.
• 2037 – Establish leadership in advanced mobility technologies and integrated transport ecosystems.
• 2047 – Position India as a top-three global automotive player by volume, value, and innovation.

Key Pillars of AMP 2047

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1. Policy and Regulatory Reforms

The government will introduce predictable, stable policies for investors and manufacturers. These include:

• Streamlined GST structures for automotive and EVs.
• Incentives for exports under the Production Linked Incentive (PLI) scheme.
• Long-term roadmaps for emission norms beyond Bharat Stage (BS-VI).

2. Electric & Future Mobility

The plan prioritises:

• Scaling up EV infrastructure to 5 million charging points by 2040.
• Driving domestic battery manufacturing to cut import dependency.
• Encouraging hydrogen and hybrid vehicles as part of a diversified mobility portfolio.

3. Supply Chain Strengthening

With rising geopolitical tensions, AMP 2047 aims to make India a global alternative to China for auto components. This will involve:

• Modernising MSME suppliers with Industry 4.0 technologies.
• Attracting FDI in precision engineering and materials.
• Increasing localisation levels to over 85% for most vehicle categories.

4. Sustainability Goals

Sustainability is central to AMP 2047, with targets to:

• Reduce the sector’s carbon footprint by 50% by 2040.
• Promote vehicle recycling and reuse of materials.
• Shift 75% of urban public transport fleets to zero-emission vehicles by 2047.

Industry Impact

According to government estimates, the Indian automotive sector could:

• Grow from ₹12 lakh crore ($144 billion) in 2024 to over ₹40 lakh crore ($480 billion) by 2047.
• Create 50 million direct and indirect jobs.
• Increase export earnings to $200 billion annually by 2047.

Global Positioning

India is already the world’s third-largest automobile market by volume. AMP 2047 is designed to help the country:

• Compete with Japan, Germany, and South Korea in technology leadership.
• Lead in affordable electric mobility solutions for developing nations.
• Serve as a major R&D base for global automakers.

Investment Opportunities

AMP 2047 could benefit several listed companies, including:

• Tata Motors, Mahindra & Mahindra, and Maruti Suzuki – expansion into EVs and global exports.
• Bharat Forge, Motherson Sumi, and Sundram Fasteners – component exports and localisation gains.
• Exide Industries and Amara Raja – domestic battery manufacturing.
• Ashok Leyland and Eicher Motors – clean public transport solutions.

For long-term investors, AMP 2047 signals multi-decade growth potential in EVs, components, green technologies, and logistics.

Challenges Ahead

While the vision is bold, execution will require:

• Coordinated policy between central and state governments.
• Large-scale skilling programs for EV and hydrogen tech.
• Managing global trade risks, including tariffs and supply disruptions.

Conclusion

AMP 2047 is more than an industrial policy—it’s a national economic transformation blueprint. If executed effectively, it can make India not just a participant, but a leader in the global mobility revolution, shaping the cars, buses, and trucks that will run the world’s roads in the next quarter-century.