India’s automotive sector sees surge: PM Modi
New Delhi
India’s automobile industry is undergoing a dynamic transformation, driven by government initiatives, technological advancements, and a growing market. At the Bharat Mobility Global Expo 2025, Prime Minister Narendra Modi emphasized India’s global leadership potential in mobility and its attractiveness to investors.
PM Modi paid tribute to industrial leaders Ratan Tata and Osamu Suzuki for shaping India’s automotive landscape. Tata’s launch of the Nano and acquisition of Jaguar Land Rover marked milestones, while Suzuki’s Maruti 800 revolutionized car ownership in India. Their legacies continue to inspire innovation.
With over 2.5 crore cars sold annually, India’s auto sector outpaces the population of many nations. Growth stems from urbanization, rising incomes, and initiatives like Make in India and the Production-Linked Incentive scheme, which have boosted manufacturing and job creation. Enhanced infrastructure and connectivity are set to drive future demand.
India’s EV market has surged, with sales jumping from 3,600 units in 2014 to 16.8 lakh in 2024. Government programs like FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) have propelled this growth. Modi called for increased EV production and youth participation in green mobility.
The sector attracted over $36 billion in FDI in four years. PM Modi urged global investors to seize opportunities as India becomes a manufacturing hub for sustainable vehicles. Minister Piyush Goyal highlighted India’s chance to promote EVs for first-time buyers, bypassing fossil-fuel dependency seen elsewhere.
· India sells over 2.5 crore cars annually, surpassing many countries.
· New middle class, increased ambition, fueling vehicle purchases across India.
· Smart mobility, road infrastructure upgrades, and multi-modal connectivity boost sector.
· 25 crore people moved out of poverty, increasing vehicle demand.
· Government’s focus on electric vehicles and eco-friendly technologies for growth.
· Increased investment in infrastructure development to support automotive sector expansion.
