India's automotive industry must leverage self-reliance and export capabilities to strengthen its position in the evolving global market, according to discussions at the 65th Annual Convention of the Society of Indian Automobile Manufacturers (SIAM).
During the Special Plenary Session titled "Changing Global Dynamics: Implications for India in Evolving Landscape," government officials and industry leaders outlined strategies for navigating shifting international trade patterns and supply chain requirements.
Rajesh Agrawal, Special Secretary at the Ministry of Commerce and Industry, noted the sector's transformation over three decades. "The industry has shown significant growth and maturity over the past 35 years," Agrawal said. "Indian exports are growing, and we have developed world-class vehicles that appeal both domestically and internationally."
The government official emphasized India's approach to international integration, stating that the next phase of economic growth beyond a $4 trillion economy would depend on export expansion. India has established Free Trade Agreements with 27 countries, with specific provisions benefiting the automotive sector.
Sudhakar Dalela from the Ministry of External Affairs highlighted India's strategic position in the global economy. He stressed that while the domestic market remains strong, the automotive industry should focus on export strengthening and supply chain diversification to integrate with global markets.
SIAM President Shailesh Chandra, who also serves as Managing Director of Tata Motors Passenger Vehicles, reported record export figures. "With 5 million vehicles exported and the UK FTA creating new opportunities, the Indian auto industry is expanding its global presence," Chandra said. He noted a 20% growth increase and described current momentum as the foundation for enhanced global leadership.
The session concluded with remarks from Shradha Suri Marwah, President of the Automotive Component Manufacturers Association of India (ACMA), who emphasized supply chain resilience as a key priority.
The discussions reflect broader trends in India's manufacturing strategy, which seeks to balance domestic capacity building with international market integration. The automotive sector contributes significantly to India's manufacturing GDP and represents a key component of the country's industrial policy framework.
SIAM, established as the apex body representing major vehicle and engine manufacturers in India, organizes annual conventions to address industry challenges and opportunities. The organization operates under charitable objectives and focuses on supporting the automotive industry's contribution to economic development while addressing environmental and safety considerations.