Piyush Goyal sees India becoming global car hub as Europe’s regulations hurt competitiveness

Piyush Goyal stated that automakers in Europe may consider manufacturing in India due to stringent regulations. He remarked that India is on the path to becoming a global car manufacturing hub. Goyal referenced challenges faced by Tata Motors after acquiring Jaguar, highlighting the need for re-engineering. The ministry has set an ambitious target of $1 trillion in exports this fiscal year.