Future of mobility belongs to India, PM Narendra Modi tells auto majors

Q: How long will it take to read this news story?

The story "Future of mobility belongs to India, PM Narendra Modi tells auto majors" has 724 words across 31 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Future of mobility belongs to India, PM Narendra Modi tells auto majors" was covered 7 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 316 news stories per day. It's most recent story was published 6 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25223235</li><li>URL: https://beamstart.com/news/future-of-mobility-belongs-to-17371384251236</li></ul>

Business Standard Logo Business Standard 7h ago

Future of mobility belongs to India, PM Narendra Modi tells auto majors - Business Standard

Quick Summary:

Automobile dispatches from manufacturers to dealers rose by 12 per cent last year compared to 2023, taking total sales to 25.5 million, according to data from the Society of Indian Automobile Manufacturers (SIAM).

Highlighting foreign direct investment in the auto sector, the Prime Minister noted that the industry attracted $36 billion in FDI over the past four years, with expectations of further growth in the near future.

While only around 2,600 electric vehicles were sold annually 10 years ago, over 1.68 million electric vehicles were sold in 2024, the PM said, adding, this number could increase eightfold by the end of this decade.