The number of automotive original equipment (OEM) and automotive component projects into India has been steadily increasing, according to greenfield investor monitor fDi Markets. The number of automotive projects has increased year on year between 2004 and 2010. 2011 looks set to be a record breaker, as of September, it has the third largest number of projects recorded in any one year.

The year experiencing the highest rate of capital investment was 2006 with $8.33bn invested. The second highest rate of capital investment has been in 2011, with one quarter of the year still to go.


In terms of cities, three are standing out above the rest in attracting automotive OEM and automotive component projects. Chennai, Pune and Bangalore have consistently attracted the most projects. fDi Markets has recorded 64 projects in Chennai, 47 in Pune and 42 in Bangalore between January 2003 and September 2011. Chennai is so far topping the charts for attracting automotive projects in 2011.