02 September,2026 02:57 PM IST | New Delhi | mid-day online correspondent
Union Minister for Heavy Industries and Steel H D Kumaraswamy. Picture sourced from X.
Union Minister for Heavy Industries and Steel H D Kumaraswamy on Wednesday urged the automobile and automotive industry to step up investment in clean, efficient, and emerging technologies, while asking the sector to focus on design and domestic value addition to drive India's electric vehicle (EV) transition, according to news agency PTI.
The minister asked the sector to make products in India that also cater to the global needs.
While noting that India's EV transition is gathering momentum, he said, "However, our success cannot be measured only by the number of electric vehicles sold. It must also be measured by how much technology is designed in India, how much value is added domestically... how many MSMEs participate in the new supply chains, and how effectively Indian products compete in global markets."
As India advances towards its Viksit Bharat 2047 goal, the shared objective must be clear, the minister said.
"India should not merely participate in the global mobility transition; India should help lead it," he said.
Kumaraswamy said the government schemes are supporting investment, domestic value addition, advanced technology, manufacturing, and the transition to cleaner mobility. He added the government will continue to create an environment conducive for investment and innovation.
"The Ministry of Heavy Industries will continue to work closely with ACMA, SIAM, and industry stakeholders to improve scheme implementation, resolve operational issues, and create an enabling environment for investment and innovation," he said.
He outlined that the next phase of India's mobility transition must focus on leadership, building scale, deepening localisation, accelerating innovation, and establishing India as a globally competitive hub for advanced and green mobility technologies.
"The automotive and auto component industry is central to this journey. It supports millions of livelihoods, anchors a vast MSME ecosystem, and has a powerful multiplier effect across steel, electronics, engineering, chemicals, logistics, and services," the minister said.
He added that the Production-Linked Incentive (PLI) Scheme for the automobile and auto component industry is showing encouraging results.
As of June 30, 2026, approved applicants under the scheme had reported investments of Rs 45,477 crore, creating more than 67,000 employment opportunities, he said.
(With inputs from PTI)
