Automobile Policy
About the sector

Andhra Pradesh is one of the fastest-growing Automotive hubs in India. Many leading automobile companies have invested in the State including Kia Motors and its ancillaries, Isuzu Motors, Hero Motors, Ashok Leyland, Apollo Tyres, and Bharat Forge, owing to the state’s strategic location and conducive investment climate.

The State has observed constant growth in export performance and exporting automobile products to more than 30 countries, driving the ancillary ecosystem.

Andhra Pradesh, with its industry-centric policies, aims to emerge as a top state in India for Automobile & Electric Vehicles with a focus on transitioning to clean mobility including Hydrogen Fuel Cell Technology.

Sector Highlights & Key Initiatives

Andhra Pradesh is India’s Automobile hub with proximity to Automobile clusters, 21 Autonagars, Consumption Centres, a robust ecosystem of auto ancillaries and a focus on Electric Vehicle public transportation.

The State provides numerous opportunities across OEMs, Electric Vehicles (2W/4W) & Components, Advanced Cell Batteries, Charging/ Swapping stations, Auto electronics, etc.

With some of the biggest names in India in Battery Manufacturing like Amara Raja Batteries, HBL Power Systems and Nippo Batteries, the State is making its way to become leader in clean mobility through below mentioned initiatives:

  • 100% conversion of APSRTC bus & all government vehicles into electric vehicles.
  • Cities such as Visakhapatnam, Vijayawada, Amaravati and Tirupati have been identified as Model Electric Mobility cities with an intent to convert 100% of all commercial & logistic fleets to electric fleets by 2029.
  • 10 lakh electric vehicles, combined across all segments of vehicles.
  • 1 Lakh slow and fast charging stations, 100 DC public charging stations by 2024.
  • High density energy storage of at least 10GWh.

The State is blessed with Heavy Mineral Beach Sand (HMBS) a source for minerals such as Ilmenite and metal-grade Titanium, ideal for Aerospace & Defence manufacturing products.

Marquee Investments