Aggarwal advised the gathering that the Indian automotive industry has crossed a landmark determine of Rs 20 lakh crore in FY24 and is contributing virtually per cent of the total GST collected in the nation. Over the final 20 years speaking of or so, the trade has grown by 17 per cent CAGR. Speaking at the session, Automotive Component Manufacturers Association President Shradha Suri Marwah stated the business is looking ahead to the third model of the automotive mission plan.