Automobile & Engineering
- Home to global and Indian multinationals like Volvo, John Deere, Mahindra & Mahindra, Eicher and Force Motors, Madhya Pradesh is one of the most attractive and viable manufacturing locations for automobile and engineering companies, in India.
- The state has strong presence in OEM's and auto components companies
- It is also the largest producers of radial tyres in India
- With annual automotive production of US$500 mn, Pithampur near Indore is the major auto cluster in the state
- Pithampur also boasts of National Automotive Testing Tracks (NATRAX) – world's second largest auto testing track
- Pithampur also has German Tool Room, a leading technical training institute, nearby Indore
- Assembling and manufacturing of automobiles and auto components
- Setting up of centers of excellence such as automobile design center , R&D facilities, industry-specific training centres
- Infrastructure development including Auto & Auto Ancillaries Park
- Auto financing and vehicle retailing
- Land concession – 50% assistance subject to a maximum of INR 1 Cr for developing power, water & road infrastructure, if the inverstor acquires private land or gets undeveloped government land
- Fiscal assistance in the form of Capital Subsidy, Interest subsidy, Entry Tax Exemption and VAT & CST assistance
- Electricity Duty Exemption for a period of 5 to 10 years depending on the size of the industry
