TL;DR
Commerce Minister Piyush Goyal announced on October 12, 2026, that India is poised to become a global car manufacturing hub, citing European regulations driving automakers towards India.
India's Commerce and Industry Minister, Piyush Goyal, stated on October 12, 2026, that India is on its way to becoming a global hub for car manufacturing. Speaking at 'The Dilli Dialogue,' Goyal emphasized that European automakers, in particular, would increasingly prefer to manufacture in India due to what he described as uncompetitive regulations in Europe.
Goyal asserted that the regulatory environment in Europe makes it challenging for manufacturers to remain competitive, pushing them towards more favorable production landscapes like India. He projected that virtually all European manufacturers would eventually establish or expand their manufacturing operations in India. This vision aligns with the 'Make In India' initiative, aiming to boost domestic production and position India as a key player in the global automotive industry.
