Indian automotive sector held back by lack of R&D spending: Niti Aayog report
A NITI Aayog report reveals that India's automotive ambitions are hindered by a lack of innovation due to inadequate R&D infrastructure and low spending. This limits competitiveness in emerging technologies like EVs and autonomous driving. The report emphasizes the need for increased R&D investment, collaboration, and a robust innovation ecosystem to achieve long-term growth and global parity.
A NITI Aayog report reveals that India's automotive ambitions are hindered by a lack of innovation due to inadequate R&D infrastructure and low spending. This limits competitiveness in emerging technologies like EVs and autonomous driving. The report emphasizes the need for increased R&D investment, collaboration, and a robust innovation ecosystem to achieve long-term growth and global parity.
