Indian Automotive Industry: Democracy, demographic dividend, and diversity are the three D’s propelling the automobile industry onto the fast lane, according to Union Minister Piyush Goyal. Efforts have to be taken to increase automobile exports from India, one of the largest automotive markets in the world, and a dedicated taskforce should work for this goal, Pawan Goenka, Chairman, Steering Committee on Advancing Local value-add & Exports (SCALE), Ministry of Commerce & Industry, told the 63rd SIAM convention.
Gadkari said the Indian automobile industry forms the backbone for the Narendra Modi-led government s dream of making the nation atmanirbhar along its journey to emerge as a $5-trillion economy
Automotive Components Manufacturers Association (ACMA) President Sunjay Kapur speaks to THE WEEK on the current status of India’s automobile industry and the transformation we can expect in the coming days. Excerpts:
New Delhi [India], January 13 (ANI/NewsVoir): The most coveted and prestigious awards of the Indian Automotive Industry, the 18th edition of Indian Car of the Year (ICOTY) & Indian Motorcycle of the Year (IMOTY), promoted by JK Tyre since its inception along with India's top automobile journalists concluded at a gala event in New Delhi. The night showcased the greatest level of automotive performance and was attended by leading businessmen, automobile fanatics, and visionaries. Recognized for its speed, mileage, and strong performance KIA Carens was adjudged the 'Indian Car of the Year 2023' while Royal Enfield Hunter, popular amongst motorcycle enthusiasts was awarded the 'Indian Motorcycle of the Year 2023'. Catering to the increasing popularity, acceptance and availability of a vast range from various manufacturers of the Premium Car category in the Indian Market, ICOTY Jury instituted 'Premium Car Award' under the ICOTY aegis in 2019. Mercedes EQS 58