Economic Survey 2026: Auto Sector Soars with ₹35,600 Cr PLI Investment, 49,000 New Jobs

• India's auto sector is thriving due to rising domestic demand, export growth, and sustained policy support, as highlighted by the Economic Survey 2025–26.
• The sector employs over 30 million people directly and indirectly, contributing nearly 15% to the country's GST collections.
• Vehicle production increased by 33% from FY15 to FY25, with over 5.3 million vehicles exported in FY25, showing strong global acceptance.
• The PLI Scheme for Automobiles and Auto Components attracted ₹35,657 crore investment and created 48,974 jobs by September 2025.
• Government initiatives like PLI for ACC battery storage, PM E-DRIVE, PM e-Bus Sewa PSM, and SMEC are boosting EV manufacturing and adoption.

Why It Matters: India's auto sector is experiencing significant growth, driven by policy support, investments, and increasing demand.