Auto, Auto Components & Electric Vehicles
Karnataka is the auto innovation hub of India, being home to leading global companies such as Mercedes (Daimler), Bosch, Toyota, Volvo, Scania etc., It is also the 4th largest manufacturer of automobiles in India, accounting for 8.5% of the total national automobile output. The State is also home to Reva Mahindra, the first indigenously built electric car in the country, and 45+ EV innovation start-ups.
Table of contents
Incentives
New initiatives & opportunities
Growth drivers
Rising Investments
Creation of Free Trade and Warehousing Zone for the engineering sector further strengthening Karnataka's position within the sector.
Technology Led Solutions
Leading R&D institutions for thought leadership with Karnataka Automobile Research Centre.
Excellent Supporting Infrastructure
Presence of Five auto clusters at Dharwad, Belagavi, Shivamogga, Ramanagara and Bengaluru Rural.
Growing Penetration
Karnataka's automobile output has registered CAGR 36.5% between 2012 and 2017.