iACE-MOTOTECH 24

Gujarat rapidly emerges as a prime investment destination for major automobile & ancillary companies. The state boasts specialized clusters in various segments, including automobile manufacturing, castings and machine tools, brass parts, engines, electric motors, bearings and auto-ancillaries. It's strategic position as an ideal automobile export hub is strengthened by excellent port connectivity and easy access to India's northern, central and western regions. Reflecting this growth, motor vehicle registration in Gujarat soared to 42.2 million in 2022-23, with an addition of 6.5 million vehicles in the last five years.