Modi calls on auto industry to make transport a core pillar of national development
At SIAM’s 66th annual convention, Prime Minister Narendra Modi urged automakers to accelerate innovation and sustainable mobility, citing EV charging, production-linked incentives, Make in India and trade agreements as growth enablers.
What happened
Society of Indian Automobile Manufacturers (SIAM) · Prime Minister Narendra Modi urged India’s auto industry to innovate and support sustainable mobility,
Key facts
- 66th annual convention
Why this matters
Strategic partnerships or acquisitions in EV components, charging networks and export-capable manufacturing could gain value as government support accelerates sector expansion.
What to watch
- New or expanded PLI, EV, battery-manufacturing and charging-infrastructure incentives in the Union Budget or ministry notifications.
- State-level land, power-tariff, tax and charging permits for new automotive and battery projects.
- EV sales penetration by two-wheelers, three-wheelers, fleet vehicles and passenger cars versus hybrid and CNG growth.
- Public charging uptime, utilization rates, connector deployment and grid-connection timelines.
- Major OEM announcements on India-based EV exports, battery localization and supplier contracts.
- Trade-agreement implementation details, tariff changes and rules-of-origin provisions affecting vehicle and component exports.
- Lithium-ion cell prices, domestic battery-material availability and auto-loan rates.
- Automakers are likely to announce additional localized EV platforms, battery-pack plants, component sourcing agreements and charging partnerships.
- Tier-1 and Tier-2 suppliers will pursue joint ventures or capacity expansions in motors, electronics, thermal management, lightweight materials and battery systems.
- Dealers, financiers and fleet operators will expand EV leasing, subscription and commercial-fleet offerings to reduce upfront-price barriers.
- Manufacturers may increase export-focused model development and seek localization benefits tied to new trade agreements.
- Charging networks and utilities will prioritize highway corridors, urban fleet depots and high-utilization commercial locations over dispersed retail charging.