India to Boost Auto Exports with Rs 5,000 Crore Incentive

The Indian government is planning to give Rs 5,000 crore to help make more car parts in India.

Right now, India makes only 3% of the world's car parts, and the government wants to increase this to 8%.

The money will help make better engines, transmission systems, and tools.

This will help India sell more car parts to other countries and make fewer car parts from other countries.

The government hopes that by 2030, India will make $145 billion worth of car parts and sell $60 billion worth to other countries.

This will help India make more money from selling car parts than it spends on buying them.