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India’s automotive industry set to secure third global ranking by 2030: Govt

The cascading effect of various schemes to propel the growth of automotive industry and it is poised to rank third in the world by 2030. New Delhi: India’s automotive industry is poised to rank number three in the world by 2030, with various schemes like the Rs. 25,938 crore PLI for Automobile and Auto Components supporting the sector’s growth, the government said on Monday.

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