According to Mr. Hisashi Takeuchi, managing director and CEO of Maruti Suzuki, India will be a major economic force in the globe in the ensuing decades and is positioned to become the center of manufacturing. At the annual conference of the Automotive Component Manufacturers Association of India, he spoke about the country's strengths, which include a sizable working-age population, a rapidly expanding economy of Rs. 3,53,04,000 crore (US$ 4 trillion), proactive government backing, and robust innovation. He compared it to Japan's economic recovery after the war. He pointed out that initiatives like the Make in India campaign, the Production-Linked Incentive (PLI) program, and reduced corporate taxes demonstrate the government's dedication to business.
Even while global disturbances like the pandemic and supply chain shocks give chances for India to emerge as a reliable and resilient manufacturing center, he emphasized the need for policy stability and predictability to sustain prosperity.
He was confident that trade pressures could be reduced through constructive talks between the US and India. As the third-largest vehicle market in the world, he emphasized the promising future of India's auto industry, whose auto component exports have topped Rs. 46,15,998 crore (US$ 523 billion) in FY25 and are expected to more than quadruple by 2030. citing Suzuki Motor Corporation's decision to produce its first electric vehicle worldwide in India.
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