Answer: NITI Aayog
Notes: NITI Aayog (National Institution for Transforming India) released a report titled "Automotive Industry: Powering India’s Participation in Global Value Chains", highlighting India’s automotive strengths and roadmap to global leadership. India is the fourth-largest vehicle producer globally with 6 million vehicles produced annually, but holds only 3% share in global auto components trade worth USD 2 trillion. Challenges include high operational costs, low R&D investment, infrastructure gaps, and limited integration in Global Value Chains (GVCs). The report suggests fiscal support like Operational Expenditure (Opex) aid, Capital Expenditure (Capex) focus, skill development, and cluster-based R&D hubs.
