Industry leaders and government officials from multiple countries gathered at the 11th Auto Trade Dialogue organized by the Society of Indian Automobile Manufacturers (SIAM) in New Delhi today, focusing on evolving global trade practices in the automotive sector.
The conference, held alongside the Bharat Mobility Global Expo 2025, featured discussions on trade agreements, localization policies, and supply chain resilience. Representatives from Brazil, South Africa, Germany, and the UK shared insights on market developments and policy changes affecting the automotive industry.
Brazil's Ambassador to India, Kenneth F. H. da Nóbrega, highlighted recent tax reforms that have improved value chains in Brazil, while Mike Hawes from the UK's Society of Motor Manufacturers and Traders reported a 50% increase in electric vehicle sales in 2024.
Santosh Kumar Sarangi, Additional Secretary at India's Directorate General of Foreign Trade, emphasized the government's commitment to streamlining implementation of industry schemes through automation. The conference also addressed Nepal's progress in electric mobility, with NADA Automobile Association President Karan Chaudhary noting that EVs now account for 70% of the country's vehicle market.
Japanese industry representative Shinichiro Oka stressed the importance of tariff reductions in strengthening supply chains and called for collaborative approaches to reduce CO2 emissions. Rahul Bharti, Chairman of SIAM's International Relations group, emphasized the need for quantitative assessment of energy transition challenges.
SIAM, established in 1960, represents India's automotive manufacturers and has been organizing the Auto Trade Dialogue annually to address industry challenges and opportunities. The event comes as global automakers navigate shifts toward electric mobility, changing trade policies, and supply chain reorganization amid evolving geopolitical dynamics.