India has recently emerged as the world’s third largest car market, surpassing Japan. First place is USA and second is China. Union Road Transport and Highways Minister Nitin Gadkari is dreaming big about this rise of India in the world of vehicles. Recently, from the stage of the Global Business Summit 2024, he claimed that by 2029, India will emerge as the largest automobile manufacturing hub in the world. Naturally, after this announcement by the minister, the companies are shaking with new enthusiasm.
Recently, the government has been taking new steps to increase the interest of the common people in alternative energy and electric vehicles. As a result companies doing business in this country are making world class cars. These latest models are not only being made for domestic buyers, but are also making their way to overseas markets.
As one of the largest automobile markets in the world, India’s economy is growing and employment is being created in various companies from manufacturing to services in the country. If this dream of the minister is realized by 2029, then the country’s economy, industry, social system will be further developed. India will provide the automobile industry leadership to the entire world.
On the other hand, Nitin Gadkari has repeatedly spoken about improving the country’s transport system. According to him, it is very important to fully develop the transport system for the overall development of the country’s economy. At the same time, there is a need to increase road safety and increase the number of alternative fuel and electric vehicles. If all this goes well, India will emerge as the largest automobile manufacturing hub.