The Economic Times

PM Modi urges auto industry innovation for Viksit Bharat; pushes for EV acceleration

Prime Minister Modi urged the Indian auto industry to innovate for Viksit Bharat by 2047. Adviser Tarun Kapoor stressed accelerating the electric mobility transition for energy security. He warned of increasing restrictions on four-wheelers, especially in urban areas. Government reforms and incentives are boosting domestic manufacturing capabilities and EV adoption. Industry must prepare for eventual tapering of subsidies and policy changes.