Piyush Goyal: India Set to Become a Global Car Manufacturing Hub
Commerce Minister Piyush Goyal said India will emerge as a global hub for car manufacturing as demand grows. What it would take, and where India stands today.
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Automobiles
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“Piyush Goyal: India Set to Become a Global Car Manufacturing Hub”
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12 Oct 2026
Key Highlights
- The claim: India is poised to become a global hub for automobile manufacturing, Piyush Goyal said.
- The logic: Global carmakers will choose India as a production base once demand reaches enough scale.
- Trade push: FTAs are opening markets for Indian textiles, footwear, agriculture and food processing.
- Export goal: A trillion-dollar export target on the road to Viksit Bharat 2047.
- Beyond cars: Rising demand for electronics and white goods could drive semiconductor investments.
India is set to become a global hub for car manufacturing as international automakers expand production in the country, Union Commerce and Industry Minister Piyush Goyal said on Monday at the ‘Dilli Dialogue: Policies for a Future-Ready India’ event.
He said rising domestic demand, a growing manufacturing ecosystem and the Viksit Bharat 2047 vision would make India a key production base for the global auto industry. Several global manufacturers, he said, would increasingly choose India once demand reaches the necessary scale.
Opening Up, Not Shutting Out
Goyal described a twin-track strategy: integrating with the world’s best technologies while focusing on sectors that create jobs and business opportunities.
