Piyush Goyal asks auto industry to raise share of vehicles exports to 50% from 14% now - ET Auto
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India Vehicle Exports: Commerce and industry minister Piyush Goyal has urged the automobile industry to increase its export share to 50% of all passenger vehicles produced in India by 2030. The move is based on the country's labor arbitrage and skilled manpower pool. The Bharat Mobility Global Expo 2024, India's first global mobility expo, will feature over 600 exhibitors from over 50 countries, showcasing cutting-edge technologies and breakthroughs in mobility.

I’m not clear how the government thinks asking the automotive industry is going to help. Wouldn’t they be trying to get aa much export business as they could anyway?

I’m not sure what the export taxes on automotive or other regulations exist, but limiting them is about the only thing I can think politicians could actually do to help.

  • itsame
    2•11 months ago

    The European market would be a potential client, but the Indian Government did not manage to come to a trade agreement with EU. EU says the negotiations were stopped because of insurmountable differences.

      • @[email protected]English
        1•10 months ago

        I didn’t realize this post would stay here with. _deleted by creator I more often use fediverse platforms like GNU Social and Mastodon on which it is better to DELTE & RE-DRAFT than to EDIT if there are no comments, favourites, etc. for a number of reasons, not the least of which being that GNU Social doesn’t support EDIT. If anyone is following @[email protected] from a GNU Social instance, they wouldn’t see my edit.

        My only difference between the two comments was correcting the way /u/[email protected] was mentioned to fix the formatting.

    • @[email protected]English
      1•10 months ago

      any recommendation where to read about this? By chance are the insurmountable differences as @[email protected] indicated being based on protectionist tariffs and taxes?

      edit: fixed spelling errors