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Friday, 14th February 2025

PM Modi Inaugurates Bharat Mobility Global Expo 2025: India’s Auto Industry Shines

By Rupa Das -
  • Updated
  • :
  • 17th January 2025,
  • 6:58 PM

The Bharat Mobility Global Expo 2025, India’s largest mobility exhibition, was inaugurated by PM Modi today at Bharat Mandapam, New Delhi. The expo has expanded this year, with three venues in the National Capital Region, surpassing last year’s figures of 800 exhibitors and 2.5 lakh visitors. Over the next five days, the event will feature new vehicle launches and attract a large number of delegates. PM Modi praised the Indian automotive sector as “fantastic and future-ready.” He credited industrial giants like Shri Ratan Tata and Mr. Osamu Suzuki for their […]

PM Modi Inaugurates Bharat Mobility Global Expo 2025

PM Modi Inaugurates Bharat Mobility Global Expo 2025

The Bharat Mobility Global Expo 2025, India’s largest mobility exhibition, was inaugurated by PM Modi today at Bharat Mandapam, New Delhi. The expo has expanded this year, with three venues in the National Capital Region, surpassing last year’s figures of 800 exhibitors and 2.5 lakh visitors. Over the next five days, the event will feature new vehicle launches and attract a large number of delegates.

PM Modi praised the Indian automotive sector as “fantastic and future-ready.” He credited industrial giants like Shri Ratan Tata and Mr. Osamu Suzuki for their immense contributions to the sector. Modi expressed confidence that their legacies would continue to inspire the growth of India’s auto industry.

Transformation In Auto Sector

Driven by the aspirations of the youth, India’s automobile industry is undergoing an unprecedented transformation. In the past year, the sector grew by nearly 12%. PM Modi highlighted the country’s growing export potential, driven by the “Make in India and Make for the World” mantra. With over 2.5 crore cars sold annually, India has emerged as one of the largest markets for vehicles globally.

India is currently the fifth-largest economy and the third-largest passenger vehicle market in the world. PM Modi believes that as India becomes one of the top three global economies, its auto market will experience unmatched growth. Factors such as a young population, a rising middle class, rapid urbanization, and affordable vehicles are driving this expansion.

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Improved Infrastructure Fuels Auto Growth

The Prime Minister acknowledged the importance of better infrastructure in boosting vehicle sales. He highlighted the government’s efforts, including the ₹11 lakh crore allocation for infrastructure development. Multilane highways, expressways, and the PM GatiShakti National Master Plan are reducing logistics costs and creating opportunities for the auto sector.

PM Modi also emphasized the role of new technologies in transforming the mobility sector. He highlighted the success of initiatives like FASTag and the National Common Mobility Card, which enhance the ease of travel. India is rapidly moving towards smart mobility, with advancements in connected vehicles and autonomous driving.

Make In India Driving Global Investment

The Prime Minister stressed the significance of the Make in India initiative for the auto sector’s growth. The Production-Linked Incentive (PLI) schemes have brought momentum, creating jobs and boosting sales. The auto sector’s expansion has also benefited MSMEs, logistics, tourism, and transport industries.

India is making remarkable strides in electric mobility. The sale of electric vehicles has surged by 640 times in the past decade, from just 2,600 units annually to 16.8 lakh in 2024. PM Modi announced that electric vehicles could increase eightfold by 2030. The government’s FAME-2 scheme has played a pivotal role, with incentives worth over ₹8,000 crore.

Read More: India Ranked As World’s Third-Largest Startup Ecosystem

Focus On Clean Energy And Innovation

PM Modi highlighted the importance of solar power, battery storage, and alternative fuels in tackling climate change. He emphasized the need for innovation in energy storage solutions, urging the youth to explore startups in the sector. The government has launched an ₹18,000 crore PLI scheme for advanced chemistry cell battery storage.

PM Modi concluded by reaffirming the government’s commitment to a green future. He encouraged manufacturers to take advantage of the vehicle scrapping policy and emphasized India’s potential as a global leader in the automotive sector. The focus on innovation and technology will shape the future of mobility in India, positioning the country as a hub for investment in the sector.

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