India’s Automotive Sector Key To Economic Growth, Should Focus On Green & Clean Mobility: PM Modi

India’s Automotive Sector Key To Economic Growth, Should Focus On Green & Clean Mobility: PM Modi

SUMMARY

The PM has asked the automotive industry to embrace global best practices in India while advancing green and clean mobility solutions

Modi highlighted that the automotive sector will play a key role in driving higher economic growth, which will be further fueled by rising demand

The Indian automotive industry contributes 6.8% to national GDP and 40% to manufacturing GDP, making India the third-largest automotive market, surpassing Japan

Prime Minister Narendra Modi has asked the automotive industry to embrace global best practices in India while advancing green and clean mobility solutions.

In a written address to the 64th Annual Convention of the Society of Indian Automobile Manufacturers (SIAM) yesterday (September 10), Modi highlighted that the automotive sector will play a key role in driving higher economic growth, which will be further fueled by rising demand, PTI reported.

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