'India will become auto technology provider to the developing world'

However, our manufacturing industry is yet to become globally competitive, says Maruti Suzuki chairman

- Alisha Sachdev

India’s car industry will drive its manufacturing growth and play a big role in attracting investments and prosperity, Maruti Suzuki chairman R.C. Bhargava said, adding the country will become a provider of automobile technology to much of the developing world. However, despite the geopolitical advantages India benefits from due to the global policies of diversification, its manufacturing industry is yet to become globally competitive, Bhargava said.

"Today, India is the third largest car market in the world. I see the Indian car market growing, and we are the only large country which has potential to grow substantially over the coming years. I see India becoming a major exporter of cars and auto components, which are already at over $20 billion. I think in many ways, we will become the developers and providers of technology to a lot of the developing world in the automobile industry," Bhargava said in an interview.