Govt, Auto Industry Need To Work Together To Achieve Self-Reliance In Entire Value Chain: PM Modi

New Delhi, Sep 11: Prime Minister Narendra Modi has emphasized that both the government and the auto industry must work hand in hand to build complete self-reliance across the automotive value chain — from raw materials to manufacturing, design, and after-sales services. He made these comments while addressing key industry stakeholders on strategic policy reforms aimed at strengthening India’s automotive sector.

Importance of Local Input & Innovation

PM Modi underlined the need for increasing local sourcing of auto components and investing in R&D to reduce dependence on imports. He suggested incentives for auto companies to develop indigenous technologies and stressed that innovation will be key to competitiveness in both domestic and global markets.

Regulatory Support & Policy Push

To support this vision, the government is said to be considering policy measures that will include streamlined approvals, better infrastructure support (like EV charging, materials supply), and possibly favorable taxation for locally made parts. The goal is to make the entire auto ecosystem robust — supplier networks, design labs, manufacturing, and service centers.

Challenges & Ways Forward

Industry leaders welcomed the direction but pointed out challenges: raw material cost inflation, global supply chain disruptions, and the need for skill development in specialized manufacturing. PM Modi urged stakeholders to collaborate on training, quality standards, and regulatory clarity to overcome these bottlenecks.

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Source: Daily Excelsior (Read original report)

Labels: Auto Industry, Self-Reliance, Make in India, PM Modi, Government Policy

Tags: #AutoIndustry #SelfReliance #IndiaManufacturing #PMModi #DailyExcelsior

Disclaimer: This is a rewritten summary based on reporting by Daily Excelsior. Jammu News Portal does not assume responsibility for the accuracy of external content.