Prime Minister Narendra Modi
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Prime Minister Narendra Modi on Thursday has urged the automobile industry to continue innovating, pursuing excellence and proactively charting a bold pathway towards Viksit Bharat, to bring transformative opportunities and significant growth for the mobility sector while further strengthening “transport as a key pillar of national development”. Addressing the 66th annual convention of Society of Indian Automobile Manufacturers (SIAM) via a message, he said collective vision and collaborative spirit will contribute significantly to shaping the future of India’s dynamic mobility ecosystem. “India has been one of the fastest growing major economies in the world over the last decade. As our economy grows, the demand for mobility is also rising. The rapid expansion of highways and other infrastructure is facilitating the movement of people and goods while creating new opportunities for the automobile industry,” Modi said.Better connectivity and more efficient logistics are reducing costs and making Indian manufacturing more competitive, he said adding “This is strengthening the automobile sector and contributing to India’s economic growth.” The PM further said that India was also taking significant strides towards a cleaner and more sustainable mobility ecosystem and SIAM has an even greater role to play as India’s mobility sector undergoes a fundamental transformation driven by energy efficiency, energy diversification, technology and advanced manufacturing. “The rapid expansion of charging infrastructure is encouraging greater adoption of electric vehicles and creating new opportunities for innovation. As India moves towards the next generation of mobility, SIAM can play an important role in shaping this transformation and taking India’s automotive capabilities to greater heights,” he noted. He said that the government’s reforms in the recent years to boost ease of doing business, including the removal of redundant laws and removal of unnecessary compliances, have provided fresh impetus to industry.“Initiatives such as the PLI scheme and Make in India have further strengthened the manufacturing capabilities of the automobile industry. With recent Free Trade Agreements providing greater access to international markets, the Indian automobile sector, already recognised across many parts of the world, is well placed to further expand its global presence,” Modi added.Published on September 3, 2026
