ENA Sectors 2025-09-11 17:09:12 <p><span style="font-size:14px"><strong>New Delhi, Sep 11 (KNN)</strong> India is taking major steps to produce specialised steels domestically to power the growth of its automotive industry, according to H. D. Kumaraswamy, Union Minister of Steel.</span></p> <p><span style="font-size:14px">Speaking at a Society of Indian Automobile Manufacturers(SIAM) event, he said that while Indias overall steel production is growing steadily, the next phase must focus on high-value, advanced steels tailored for automotive use.</span></p> <p><span style="font-size:14px">Currently, Indian automakers rely heavily on imported high-strength and special steel grades, which raises production costs and exposes manufacturers to global supply chain risks.</span></p> <p><span style="font-size:14px">The increasing adoption of electric vehicles (EVs), safety regulations, and the need for lightweight yet durable materials have further increased demand for specialised steels such as high-strength steel, corrosion-resistant steel, and electrical steel.</span></p> <p><span style="font-size:14px">To meet this demand, the government has launched a Production-Linked Incentive (PLI) scheme worth Rs 18,000 croreto promote the manufacturing of specialty steels in India.</span></p> <p><span style="font-size:14px">So far, this scheme has attracted investment proposals of over Rs 24.8 lakh crore, aimed at expanding domestic capacity, upgrading steel plants, and developing supporting infrastructure and testing facilities.</span></p> <p><span style="font-size:14px">Apart from reducing dependence on imports, this initiative is expected to create large-scale employment across manufacturing, supply chains, and quality testing.</span></p> <p><span style="font-size:14px">The government is also collaborating with technology partners and clean energy companies to ensure that steel production aligns with Indias decarbonisation and sustainability goals.</span></p> <p><span style="font-size:14px">Kumaraswamy emphasised that achieving self-reliance in specialised steels is crucial for Indias automotive industry to compete globally.</span></p> <p><span style="font-size:14px">Strengthening the domestic steel ecosystem will help India emerge as a leading producer and exporter of high-quality automotive-grade steels in the coming years.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43470 https://knnindia.co.in/news/newsdetails/sectors/india-developing-specialised-steels-to-boost-automotive-manufacturing 2025-09-11 17:09:12 knnindia.co.in