India's manufacturing future bright; policy stability key: Maruti Suzuki

Managing Director and CEO of Maruti Suzuki, Mr. Hisashi Takeuchi, said the coming decades belong to India as a global economic powerhouse, with the country poised to become the world’s manufacturing hub. Speaking at the Automotive Component Manufacturers Association of India’s annual convention, he highlighted India’s large working-age population, a rapidly growing Rs. 3,53,04,000 crore (US$ 4 trillion) economy, proactive government support, and strong innovation as key strengths. He drew parallels with Japan’s post-war economic rise. He noted that measures such as lower corporate taxes, the Production-Linked Incentive (PLI) scheme, and the Make in India initiative show the government’s commitment to industry. He emphasised the need for policy stability and predictability to sustain growth, even as global disruptions like the pandemic and supply chain shocks present opportunities for India to emerge as a trusted and resilient manufacturing centre.
He expressed confidence that positive dialogue between India and the United States (US) could ease trade pressures. He pointed to the strong prospects of India’s auto sector, now the world’s third-largest automobile market, with auto component exports already exceeding Rs. 46,15,998 crore (US$ 523 billion) in FY25 and projected to more than double by 2030. Citing Suzuki Motor Corporation’s choice of India as the global production base for its first electric vehicle, the e-VITARA, he said India has a chance to lead the global automobile supply chain by combining strategic intent with domestic demand, talent, and policy support.

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