2025印度道路行业研究报告

Executive Summary3Advantage India4Market Overview6Growth Drivers13Key Industry Contacts24Appendix26 5. Overseas investment forinfrastructure development 1. One of the largest roadnetworks in the world •InFebruary2024,NHAIraisedhighestoverRs.15,624crore(US$1.88billion)throughInviTmode.•FDI inflows in construction developmentstoodat Rs.1,36,460 crore(US$27.21billion)betweenApril2000-June2025.•IndianGovernmentandAsianDevelopmentBanksignedUS$500millionloanagreementtobuildthelongestbridgeacrossriverGanga,inBihar. •Indiahas a network of over6,617,100km ofroads. As of August2025, India hasthe largest roadnetworkin the world. NHAI constructed5,614km of national highways,surpassing its target of 5,150km, andachieved a record capital expenditureof Rs. 2.50lakhcrore (US$ 29.26billion) (provisional) 2. Rising budgetallocation of roadsector 4. Rapid growth in nationalhighways •InJanuary2025,PrimeMinisterNarendraMr.NarendraModitookasignificantsteptoenhanceIndia'smetronetworkby launching several development projectsworthoverRs.12,200crore(US$1.43billion)inDelhi.•AsofJanuary8,2025,theMinistryofRoadTransportandHighways shared that India’s National Highwaynetworkgrew 60%in a decade,now standing at146,195km.High-speedcorridor lengthjumpedfrom93kmin2014to2,474kmin2024.ProjectsaidedbytheWorldBank,JICA,andADBadded2,540km byNovember2024.•OnAugust17,2025,PrimeMinisterMr.NarendraModiinauguratedRs.11,000crore(US$1.25billion)worthofhighwayprojectsinDelhi,includingtheDelhisectionoftheDwarka Expressway.These projects,undertakenwithprivatesectorparticipation,areexpectedtoreducecongestionandenhanceurbanconnectivity. •UndertheUnionBudget2025-26,thegovernmenthasallocatedRs.2,87,333.3crore(US$33.07 billion)to theMinistryof Road TransportandHighways,reflecting amodestincrease of 2.41%comparedtotheFY25. •IntheUnionBudget2025-26,thegovernment proposed toincreaseallocation forcapitalexpendituretoRs.11.21lakhcrore(US$129.0 billion),up10.1%from revised budgetestimateof Rs.10.18 lakhcrore(US$117.2 billion)inFY25. 3.Growing private sectorinvolvement •NHAIreleasedacomprehensiveAssetMonetisationStrategyaimedatattractingprivateinvestmentsandimprovingoperationalefficienciesinhighwayinfrastructure.ModelslikeToll-Operate-Transfer(ToT),InvITs,and projectsecuritisationhaveraisedoverRs.1.4lakhcrore(US$15.85 billion),marking a transformativestepforprivatesectorengagementandfundingsustainability. 2. ATTRACTIVE OPPORTUNITIES 3. POLICYSUPPORT ▪AsofJune5,2025,theBhoomiRashiPortal(LandAcquisitionPortal)hasincorporated3,427 online projects of the National Highways Authority ofIndia(NHAI).▪100%ForeignDirectInvestment(FDI)isallowedundertheautomaticrouteintheroadandhighwayssector,subjecttoapplicablelawsandregulation.▪Under the Pradhan Mantri Gram Sadak Yojana(PMGSY),the target ofconnectingallhabitationswithpopulationaboveprescribedthresholdshasbeenmet,leading to improved rural connectivity and socio-economictransformationin rural areas.The government is also developing 35multimodallogistics parks as part of Bharatmala Pariyojana with aninvestmentofaboutRs.46,000crore(US$5.21billion)tohandlearound700millionmetrictonnesofcargo. ▪Indiahasjoinedtheleagueof15ofglobalalliancewhichwillworktowardstheethicaluseofsmartcitytechnologies. ▪RoadbuildinginIndiaisthesecondleastexpensiveinAsia.▪Indiais focusingongreenhydrogen fuelinfrastructure alongnationalhighwaysasthenextstepinitstransportstrategy.TheMinistryofRoadTransportandHighways(MoRTH)willlaunchapilotprojectworthRs.600crore(US$68.64million)on10selectedhighwaystretches.Thisinitiativeaimstoevaluatethefeasibilityofgreenhydrogensupplyforcommercialvehiclesandestablishstandardsforfuellingandstoragesystems.▪On November 17,2025,the National Highways Authority ofIndia(NHAI)invitedbidsfor52highwayprojectsinthecurrentfinancialyear,with18projectsapprovedandatargettoaward4500km of projects and construct 5,000 km in FY26.Thispipelineis expected to help achieve national highwayconstructiontargets. 4. HIGHER INVESTMENT ▪InvestmentinroadconnectivityprojectsincludingPatna-Purneaexpressway,Buxar-Bhagalpurhighwayand an additional two-lanebridgeover the Ganga in BuxarforRs.26,000 crore(US$3.11 billion)alongwith a new 2,400 MW powerplantatPirpainticostingRs.21,400crore(US$2.56billion).▪InSeptember2025,thegovernment announceda massive Rs.11 lakhcrore(US$125 billion)initiative tobuild17,000 km of high-speed,access-controlled expressways by2033.This plan aims to expandIndia’shigh-speedroadnetworkfivefold,boostlogisticsefficiency,andenhanceeconomicconnectivity.About40%oftheseexpresswaysarealreadyunderconstruction,withmostexpectedtobecompletedby2030. 1. ROBUST DEMAND ▪As of FY25,the total length ofNationalHighwaysinthecountrywas146,204km.▪PassengervehiclesalesinIndiareachedan all-time high of 4.3millionunitsinFY25comparedto4.2millionunitssoldinthesameperiodlastyear.▪Passengervehiclesalestodealersgrewnearly4%in April2025,led by demand for utilityvehicles(UV). Market Overview Road network in India is sub-divided into three categor