New Delhi - As the world transitions toward electric mobility, Autonomous Driving, Advanced Driver Assistance Systems (ADAS), the Internet of Things (IoT), and sustainable production, the Indian automotive sector can emerge as a key player in the global value chain (GVC), according to a report by NITI Aayog.

While the local automotive industry, having made significant strides to position India as the world’s fourth-largest automobile producer after China, the US and Japan, its share in the global traded auto component market remains modest at just 3% ($20 billion), reflecting untapped potential and underlying . . .