Latest news with #AMP2047
Mint
5 days ago
- Automotive
- Mint
MHI begins work on long-term automobile policy plan for India's 2047 goal
New Delhi: The Union ministry of heavy industries (MHI) on Thursday said it had begun working on a long-term automobile sector policy roadmap aligned with the goal of making India a developed nation by 2047. This plan, called the Automotive Mission Plan (AMP) 2047, involves seven sub-committees made up of all stakeholders including other line ministries, industry associations, as well as academia, a statement by the heavy industries said. The purpose of this long-term plan is to tackle challenges such as technological advancements and charging infrastructure, according to MHI. The inaugural meeting of the AMP 2047 Sub-Committees was held to outline the objectives and framework, the statement said. Read more: Siam scrambles as CAFE-3 consensus crumbles MHI additional secretary Hanif Qureshi said, 'The vision for 2047 is not an aspiration but a strategic roadmap backed by concrete targets for sector growth, exports, and industry advancement. We must think beyond specific technologies or companies and focus on India's global standing in 2047, aiming to increase our share in global automotive trade through innovation and quality.' The AMP 2047, which will set interim goals for 2030, 2037, and 2047, follows previous AMPs which applied to a decade each – 2006-16 and 2016-26. A clear policy pathway for the auto sector in the form of AMP 2047 assumes importance as it contributes about 7.1% of India's total economic output and nearly half of the country's manufacturing output, according to an April 2025 NITI Aayog statement. Representatives of the ministries of commerce, environment, forest and climate change, power, road transport and highways, petroleum and natural gas, along with industry bodies such as Society of Indian Automobile Manufacturers (Siam), Automotive Component Manufacturers Association of India (Acma), Confederation of Indian Industry (CII), and Federation of Indian Chambers of Commerce & Industry (Ficci) were a part of the inaugural meeting for AMP 2047, the MHI statement said. Academic institutions, research think tanks and testing agencies would also provide inputs to AMP 2047. The Centre's focus on a clear long-term automobile sector policy comes at a time when the industry is divided over state policies regarding clean mobility. India, the world's third largest automobile market by sales, has policies such as the PM E-drive scheme and the production-linked incentive scheme for automobiles and auto parts (PLI-Auto) to promote the manufacturing and adoption of zero-emission vehicles. India's electric vehicle market has been gaining momentum, with sales rising about 17% in FY25 over the previous fiscal, according to the Vahan portal. Over 1.9 million EVs were sold in India in FY25, compared with about 1.6 million in FY24. The push for clean mobility, however, has recently faced hurdles, with automakers divided on whether the government should incentivize strong hybrid vehicles. But the government has remained steadfast, and has committed to supporting all forms of clean mobility, Mint reported earlier, citing union heavy industries minister H.D. Kumaraswamy in an email interview. Decarbonization, however, is only one of the headwinds that India's auto sector is facing. A strict export control on rare earth magnets – a critical component in the auto sector – by China has pushed Indian automakers a step closer towards potential production cuts. Mint reported in July 2024 that work was underway to formulate a structure on AMP 2047 with a focus on vehicles running on various powertrains including fossil fuels, flex fuels, batteries, and green hydrogen, citing officials aware of the development. The currently ongoing AMP 2016-26 focuses on upskilling of the workforce in the auto sector, and promoting exports. According to data provided by Siam and quoted by the heavy industries ministry in a parliamentary disclosure, the country's auto sector provided direct and indirect employment to about 30.7 million people in FY20. "For a country as diverse and demand-sensitive as India, an all-inclusive approach is non-negotiable. AMP 2047 must unify fragmented policy signals into a coherent national strategy - one that accelerates localization, de-risks investments, and positions India as a global mobility hub,' said Randheer Singh, former director of electric mobility, NITI Aayog. Singh added that India's auto sector is transforming from fragmented to integrated policy regimes. 'The biggest challenge isn't just technological. It is synchronizing market evolution with regulatory certainty and long-term capital planning.'
Time of India
5 days ago
- Automotive
- Time of India
AMP 2047: India launches automotive mission plan to become global auto leader; built on AMP 2026 goals
AMP 2047 (Image credits: IANS) The government of India has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic roadmap aligned with the 'Viksit Bharat @2047' vision. The plan aims to establish India as a global leader in the automotive sector, focusing on innovation, sustainability, and increasing the country's share in global automotive trade, the ministry of heavy industries said on Thursday. Seven sub-committees, comprising experts from the government, industry, and academia, have been formed to guide the development of AMP 2047. The committees have held their first meeting to define the plan's objectives, framework, and specific targets for sectoral growth, exports, and industry advancement. "The vision for 2047 is not an aspiration but a strategic road map backed by concrete targets for sector growth, exports, and industry advancement. We must think beyond specific technologies or companies and focus on India's global standing in 2047, aiming to increase our share in global automotive trade through innovation and quality," said Hanif Qureshi, additional secretary in the ministry of heavy industries as quoted by PTI. The plan sets milestones for 2030, 2037, and 2047, with a focus on addressing challenges such as technological advancements, electric mobility, and charging infrastructure. Government-industry collaboration underway The initiative is being led by the ministry of heavy industries under the leadership of Prime Minister Narendra Modi and the guidance of minister for heavy industries and Steel H D Kumaraswamy. It involves active participation from various ministries, including the ministry of power, ministry of road transport and highways, ministry of commerce, ministry of petroleum and natural gas, DPIIT, and the ministry of environment, forest and climate change. Industry bodies such as SIAM, ACMA, CII, FICCI, academic institutions, testing agencies, and research think tanks are also part of the collaborative process. "The ministry of heavy industries, government of India, under the visionary leadership of Prime Minister Narendra Modi, and with the guidance of Minister for Heavy Industries and Steel H D Kumaraswamy has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic roadmap aligned with the 'Viksit Bharat @2047' vision. The inaugural meeting of the AMP 2047 sub-committees was held to outline the objectives and framework," said an official statement. Building on AMP 2026 The AMP 2047 builds upon the earlier Automotive Mission Plan 2016–2026 (AMP 2026), which aimed to position India among the top three global players in engineering, manufacturing, and export of vehicles and components. AMP 2026 also targeted increasing the sector's contribution to over 12 per cent of India's GDP and generating 65 million additional jobs Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
5 days ago
- Automotive
- Economic Times
Govt begins formulation of Automotive Mission Plan 2047 to establish India as global auto leader
The government has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic road map aligned with the 'Viksit Bharat @2047' vision to establish India as a global automotive leader, focusing on innovation and sustainability, the Ministry of Heavy Industries said on Thursday. Sub-committees for AMP 2047 have held a meeting to outline objectives and framework and targets for sectoral growth, exports and industry advancement, to help increase India's share in global automotive trade. Seven sub-committees, comprising experts from government, industry, and academia, will guide the development of a comprehensive plan targeting milestones for 2030, 2037, and 2047. "The vision for 2047 is not an aspiration but a strategic road map backed by concrete targets for sector growth, exports, and industry advancement. We must think beyond specific technologies or companies and focus on India's global standing in 2047, aiming to increase our share in global automotive trade through innovation and quality," Additional Secretary in the Heavy Industries Ministry Hanif Qureshi said. The initiative involves various ministries, industry bodies (SIAM, ACMA, CII), academia, and testing agencies for an industry-led effort. "The Ministry of Heavy Industries, Government of India, under the visionary leadership of Prime Minister Narendra Modi, and with the guidance of Minister for Heavy Industries and Steel H D Kumaraswamy has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic roadmap aligned with the 'Viksit Bharat @2047' vision. The inaugural meeting of the AMP 2047 Sub-Committees was held to outline the objectives and framework," an official statement said. AMP 2047 seeks to integrate the collective vision of stake-holders, including Original Equipment Manufacturers (OEMs), auto component manufacturers, policy-makers, academia and end users, to address challenges like technological advancements and charging infrastructure, the Heavy Industries Ministry stated. The meeting was attended by representatives from various ministries, including the Ministry of Power, Ministry of Road Transport and Highways, Ministry of Commerce, Ministry of Petroleum and Natural Gas, DPIIT, Ministry of Environment Forest and Climate Change and industry bodies such as SIAM, ACMA, and CII, FICCI, academic institutions, research think tanks and testing agencies. The AMP 2016-2026 (AMP 2026) is aimed at bringing the Indian Automotive Industry among the top three of the world in engineering, manufacture and exports of vehicles & components; growing in value to over 12 per cent of India's GDP and generating an additional 65 million jobs.
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Business Standard
5 days ago
- Automotive
- Business Standard
Govt starts work on Auto Mission Plan to make India global industry leader
The government has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic road map aligned with the 'Viksit Bharat @2047' vision to establish India as a global automotive leader, focusing on innovation and sustainability, the Ministry of Heavy Industries said on Thursday. Sub-committees for AMP 2047 have held a meeting to outline objectives and framework and targets for sectoral growth, exports and industry advancement, to help increase India's share in global automotive trade. Seven sub-committees, comprising experts from government, industry, and academia, will guide the development of a comprehensive plan targeting milestones for 2030, 2037, and 2047. "The vision for 2047 is not an aspiration but a strategic road map backed by concrete targets for sector growth, exports, and industry advancement. We must think beyond specific technologies or companies and focus on India's global standing in 2047, aiming to increase our share in global automotive trade through innovation and quality," Additional Secretary in the Heavy Industries Ministry Hanif Qureshi said. The initiative involves various ministries, industry bodies (SIAM, ACMA, CII), academia, and testing agencies for an industry-led effort. "The Ministry of Heavy Industries, Government of India, under the visionary leadership of Prime Minister Narendra Modi, and with the guidance of Minister for Heavy Industries and Steel H D Kumaraswamy has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic roadmap aligned with the 'Viksit Bharat @2047' vision. The inaugural meeting of the AMP 2047 Sub-Committees was held to outline the objectives and framework," an official statement said. AMP 2047 seeks to integrate the collective vision of stake-holders, including Original Equipment Manufacturers (OEMs), auto component manufacturers, policy-makers, academia and end users, to address challenges like technological advancements and charging infrastructure, the Heavy Industries Ministry stated. The meeting was attended by representatives from various ministries, including the Ministry of Power, Ministry of Road Transport and Highways, Ministry of Commerce, Ministry of Petroleum and Natural Gas, DPIIT, Ministry of Environment Forest and Climate Change and industry bodies such as SIAM, ACMA, and CII, FICCI, academic institutions, research think tanks and testing agencies. The AMP 2016-2026 (AMP 2026) is aimed at bringing the Indian Automotive Industry among the top three of the world in engineering, manufacture and exports of vehicles & components; growing in value to over 12 per cent of India's GDP and generating an additional 65 million jobs.
Time of India
5 days ago
- Automotive
- Time of India
Centre sets ball rolling for India's Automotive Mission Plan 2047
The Ministry of Heavy Industries has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047) aimed at enhancing innovation, global competitiveness, and sustainable development to establish India as a global automotive leader by 2047, according to an official statement issued on Thursday. The initiative is a strategic roadmap aligned with the 'Viksit Bharat @2047' vision, building on the achievements of previous Automotive Mission Plans, which promoted the significant growth in India's automotive sector through stakeholder collaboration, the statement explained. The inaugural meeting of the AMP 2047 Sub-Committees was held here to outline the objectives and framework. Additional Secretary, Ministry of Heavy Industries, Hanif Qureshi, said, "The vision for 2047 is not an aspiration but a strategic roadmap, backed by concrete targets for sector growth, exports, and industry advancement. We must think beyond specific technologies or companies and focus on India's global standing in 2047, aiming to increase our share in global automotive trade through innovation and quality." Representatives from various ministries, including the Ministry of Power, Ministry of Road Transport and Highways, Ministry of Commerce, Ministry of Petroleum and Natural Gas, DPIIT, Ministry of Environment Forest and Climate Change and industry bodies such as SIAM, ACMA, and CII, FICCI, academic institutions, research think tanks and testing agencies attended the meet to start an industry-led effort to shape AMP 2047. The initiative seeks to integrate the collective vision of stakeholders, including Original Equipment Manufacturers (OEMs), auto component manufacturers, policymakers, academia, and end users, to address challenges like technological advancements and charging infrastructure. Seven Sub-Committees, comprising experts from government, industry, and academia, will guide the development of a comprehensive plan targeting milestones for 2030, 2037, and 2047. The Ministry, under the guidance of Minister for Heavy Industries H. D. Kumaraswamy, underscores its commitment to building a self-reliant, innovative, and sustainable automotive ecosystem. Multiple Sub-Committee meetings will consolidate ideas and data for presentation to the Apex Committee, chaired by Kamran Rizvi, Secretary, Ministry of Heavy Industries, the statement added.
