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Union Steel and Heavy Industries Minister H.D. Kumaraswamy has announced that India’s steel industry is moving towards developing specialised high-grade steel for the automotive sector, aiming to reduce the country’s reliance on imports.
Speaking at the annual convention of the Society of Indian Automobile Manufacturers (SIAM), Kumaraswamy highlighted that India has long been dependent on imported high-grade steel, which is crucial for automotive, defence, and strategic industries. With demand rising due to mega infrastructure and mobility projects, he assured that the government will extend full support to automakers and steelmakers to strengthen domestic capabilities.
The minister pointed to the success of the Production Linked Incentive (PLI) scheme for automobiles, under which companies have already invested ₹29,576 crore by March 2025, creating thousands of jobs in manufacturing, R&D, and supply chain management.
Kumaraswamy emphasized that while the government can create enabling policies, innovation must come from industry, startups, and research institutions. He also underscored the need for bold steps toward sustainable mobility, urging collaboration among automakers, technology providers, and energy companies to position India as a global hub for sustainable mobility solutions.
Approved in 2021, the PLI Auto scheme has a budgetary outlay of ₹25,938 crore, and the development of high-grade steel is expected to further accelerate India’s “Make in India” vision and reduce strategic import dependence.
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