Hyundai India calls for long-term policy to build advanced auto-tech exports
Hyundai Motor India MD Tarun Garg urged stable long-term policy and deeper domestic capability in semiconductors, EV batteries and power electronics, asking suppliers to raise R&D, patent and AI investment to reduce import dependence.
What happened
Hyundai Motor India CEO Tarun Garg urged stable long-term policy and domestic capability-building in semiconductors, EV batteries and power electronics. He
Key facts
- USD 24 billion auto-component exports in 2025-26
- USD 25.4 billion auto-component imports in 2025-26
- USD 1.4 billion auto-component trade deficit
- 66th ACMA Annual Session
Why this matters
Automakers and tier-one suppliers should prioritize partnerships or acquisitions that add domestic battery, chip-design, power-electronics and AI-enabled manufacturing capabilities before policy incentives and export demand accelerate competition.