AUTO COMPONENTS AND LIGHT ENGINEERING

Auto Components and Light Engineering

Haryana manufactures 80% of excavators, 52% of cranes, 50% of cars and 60% of two wheelers in the country.

Key Sector Highlights

  • Being a preferred destination for auto majors and auto-component manufacturers, the State is the largest automobile hub in the country.
  • The state produces 2/3rd of passenger cars, 50% of tractors and 60% of motorcycles manufactured in the country.
  • 3 SME auto component clusters.
  • Of the total 250 large & medium OEMs, about 50 are located in Haryana.
  • The International Centre for Automotive Technology (ICAT) has been setup at Manesar as apart of the National Automotive Testing & Research & Development (R&D) Infrastructure Project (NATRiP). It provides testing and R&D services to the industry.
  • "Mahindra & Mahindra" "Hero Moto Corp" "Honda" and "Harley Davidson" Yamaha and many more have manufacturing plants in Gurgaon, Manesar and Faridabad.

Key Sector Incentives

INCENTIVE DETAILS
SGST Subsidy Upto 100% of net SGST Reimbursement for upto 10 Years
Employment Generation Subsidy Subsidy upto INR 48,000/- per year per employee for 7 years
Interest Subsidy 6% on term loan for upto 7 years upto INR 20 Lakh
Stamp Duty Refund Upto 100% refund of stamp duty
EDC Charges Upto 100% reimbursement of External Development Charges
Electricity Duty Exemption 100% Exemption from payment of Electricity duty for upto 20 years

Investment Opportunities

  • Huge demand for electric vehicles that are suited for safe short distance urban travelling
  • Global auto majors are rapidly ramping up the value of components they source from India
  • Development of R&D Centres to support multi-national companies and training for smaller auto-ancillary companies
  • Large manufacturing centers along the DMIC,AKIC and KMP industrial corridors
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