TL;DR
Piyush Goyal warned automakers against offering lower-quality vehicles in India and urged the industry to focus on global exports and R&D for a competitive automotive ecosystem.
Union Commerce and Industry Minister Piyush Goyal, speaking at the 66th annual convention of the Society of Indian Automobile Manufacturers (SIAM) on Thursday, issued a strong warning against global automakers offering lower-quality vehicles to Indian consumers compared to those sold internationally. He emphasized that the government would not tolerate such practices.
Goyal urged manufacturers to expand exports, especially in areas where component localization is challenging, and called upon the industry to develop products capable of competing in international markets rather than solely focusing on domestic demand. He highlighted India's ambitious target of achieving $1 trillion in goods and services exports this year and underscored the automotive industry's pivotal role in realizing this goal. The minister also encouraged greater investment in research and development and strengthening domestic supply chains.
