Modi calls on India’s auto industry to innovate, raise quality and scale globally
The Prime Minister urged automakers to use trade agreements, PLI support, expanding infrastructure and EV charging networks to strengthen India’s global mobility footprint through 2047.
What happened
Society of Indian Automobile Manufacturers (SIAM) · Prime Minister Narendra Modi urged India’s auto industry to innovate, improve quality and expand globally.
Key facts
- 2047
- 2026
- last decade
Why this matters
Automotive companies should prioritize partnerships, acquisitions and trade-enabled expansion that strengthen EV capabilities, localized supply chains and export access.
What to watch
- New or expanded automotive PLI disbursements and localization thresholds
- Implementation milestones in India trade agreements, including automotive tariff schedules and rules of origin
- OEM announcements of export-focused EV, two-wheeler and component plants
- Charging-station growth, utilization rates and fleet electrification tenders
- Battery-cell, semiconductor and rare-earth supply agreements or domestic production awards
- Export volumes, defect/recall data and certification approvals in target markets
- Prioritize suppliers with local battery, drivetrain, electronics and safety-content capacity eligible for production-linked incentives.
- Track OEM export-model launches and new capacity commitments aimed at Africa, Middle East, ASEAN and Europe.
- Expand charging partnerships around highway corridors, fleet depots, urban commercial hubs and renewable-power procurement.
- Increase quality, homologation and traceability investments to meet stricter export-market standards.
- Assess consolidation opportunities among smaller auto-component suppliers facing higher localization and certification requirements.