Aggarwal advised the gathering that the Indian automotive trade has crossed a landmark determine of Rs 20 lakh crore in FY24 and is contributing virtually per cent of the entire GST collected within the country. Over the last two decades explanation or so, the business has grown by 17 per cent CAGR. Speaking at the session, Automotive Component Manufacturers Association President Shradha Suri Marwah mentioned the industry is trying ahead to the third model of the automotive mission plan.
