The Indian automotive market was valued at USD 108.10 billion in 2022 and is projected to grow from USD 116.86 billion in 2023 to USD 217.90 billion by 2031, reflecting a CAGR of 8.1% during the forecast period (2024 - 2031). Research also indicates that India's automotive industry could reach USD 50 billion by 2030.

India plays a major role in the global automotive sector, with its domestic market experiencing robust growth. Despite challenges such as infrastructure limitations, high taxes and tariffs, and a shortage of skilled labor, the industry is poised for continued expansion and will significantly contribute to the country's economic development

Presenting the 6^th Annual Automotive R&D & Innovations India Summit 2026 conceptualized by Inventicon, this summit focuses on global R&D trends transforming the automotive ecosystem. It aligns with India's innovation roadmap, emphasizing cutting-edge technologies and a customer-centric approach. The event will foster collaboration among industry experts, spark insightful discussions, and facilitate the exchange of ideas on shaping the future of the automotive ecosystem.