Nitin Gadkari asks auto and components industry to discourage imports

Union minister Nitin Gadkari also urged the auto and components industry to take the initiative to find out the alternatives or substitutes to imports
File photo of a car factory used for representational purpose only (REUTERS)
File photo of a car factory used for representational purpose only

Union minister Nitin Gadkari on Saturday asked Indian automobile and components industry not to depend on imports and develop local substitutes for products bought from overseas, saying the country's auto sector has the potential to be the top global manufacturing hub.

The government has also taken several steps to encourage Indian companies to export more, and the components sector has an opportunity to take advantage of measures like changing the definition of MSMEs, the Road Transport and Highways minister said while addressing the annual session of Auto Components Manufacturers Association of India (ACMA).

Also check these Vehicles

Find more Cars
Mahindra Ekuv100 (HT Auto photo)
BatteryCapacity Icon40 kWh Range Icon150 Km
₹ 8.25 - 10 Lakhs
View Details
Porsche 911 Gt3 (HT Auto photo)
Engine Icon3996.0 cc FuelType IconPetrol
₹ 2.50 Cr
View Offers
Mahindra S204 (HT Auto photo)
₹ 12 Lakhs
View Details
Lexus Nx (HT Auto photo)
Engine Icon2494.0 cc FuelType IconMultiple
₹ 64.90 - 71.60 Lakhs
View Offers
Rolls-royce New Ghost (HT Auto photo)
Engine Icon6750 cc FuelType IconPetrol
₹ 6.95 - 7.95 Cr
View Details
Mercedes-benz Amg E53 Cabriolet (HT Auto photo)
Engine Icon2999.0 cc FuelType IconPetrol
₹ 1.30 Cr

"I request you, don't encourage imports. Try to take the initiative to find out the alternative, or how can we make import substitutes in India," he said.

Also Read : India open to raising duties on auto imports to boost local production

He further said while making those products in India,"Initially the profit margin may be less but when you get the volume, you can be the most important company for exports. I have 100 per cent confidence in you."

Gadkari, who also holds the MSME portfolio, exhorted the components sector to improve production, technology and quality and take advantage of India's cost competitive labour to be a force in the global arena and contribute even more to the country's GDP.

Exuding confidence about the sector, he said,"We can make the Indian automobile industry, within five years, as a number one automobile manufacturing hub in the world."

Also Read : Be 'AtmaNirbhar', aim for global dominance: Piyush Goyal to Indian carmakers)

Stating that the automobile sector is one of the important sectors in the country, he said one of the most significant contributions of the industry is in employment generation apart from its contribution to the country's GDP.

He also expressed hope that the auto industry can play a lead role in the government's vision of self reliant India.

"I feel that the government will be supportive of increasing production, increasing exports and increasing more value addition in the country," he added.

First Published Date: 05 Sep 2020, 16:00 PM IST

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.