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INDUSTRY OVERVIEW

The automotive sector of India is one of the top-grossing sectors in the world. The position of the automotive sector of India in the world is in 4th place.

This is not where the automotive journey of India is estimated to be as by 2026 it is predicted that the automotive industry of India will be the third-largest automotive market in terms of volume.

The foreign direct investment in the automotive sector is at 100%. This industry manufactures a total of 26 mn vehicles in India and India’s position in the extremely strong in the international heavy vehicles sector. India holds the position of being the largest tractor manufacturer in the world.

ABOUT THE COMPANY

The company came to FDI India with a vision to start their new set up in Punjab. The aim of the project was to establish an automotive facility for a big brand.

SPECIFICATIONS

  • The company had a land area of 400 acres for the project in Punjab region
  • The work had to be started from scratch for the automotive facility
  • A top automotive plant design firm has been employed in order to develop the blueprint of the automotive facility
  • An estimated cost that will be going into the development of the automotive facility was provided

OUR INVOLVEMENT

The company was very clear in the beginning itself about the idea about the automotive facility to be started in Punjab. The company was having a lack of funds in order to go ahead with their project and that was their main aim of coming to FDI India for consultation regarding the same.

They wanted proper consultation for the foreign investment for the automotive facility project. With proper research, the team of FDI India provided the plan for foreign investment and its entry routes. After the successful connection of the company with the desired foreign investor, the project commenced in Punjab.

CURRENT SCENARIO

  • The automotive facility was developed with innovative international design
  • The full facility had the best of facilities and the FDI deal for the facility became extremely profitable