Commerce and Industry Minister Piyush Goyal has urged the auto sector to build the electric vehicle ecosystem by leveraging economies of scale to capture world markets.
Inaugurating the Component Show at the Bharat Mobility Expo 2025 in New Delhi, Mr. Goyal said the auto component sector is the heart of the Indian auto industry.
He stated that India must build its own electric vehicle ecosystem before other countries catch up. He further urged the participants from the auto component sector to build indigenous equipment and remove dependence on non-transparent, non-market economies of foreign countries.
The minister urged the bus, truck, and related component manufacturers to look at a 100 percent replacement with electric vehicles for economic viability.
Mr. Goyal also highlighted that Indian component manufacturers are committed to making affordable, high-quality, and competitive products for the world market