Indian Economy News

Prime Minister Mr. Narendra Modi set to inaugurate India's first global mobility expo.

  • IBEF
  • January 31, 2024

Prime Minister Mr. Narendra Modi will address the inaugural Bharat Mobility Global Expo, scheduled from February 1-3, 2024, a pioneering event to spotlight India's growing prominence as a global mobility hub. The expo will converge the entire spectrum of the mobility sector, featuring over 800 exhibitors, including approximately 50 international players. With India emerging as a significant market for vehicle manufacturers and evolving as a key global export center, the expo aims to catalyse growth in the sector. Vehicle exports account for 14% of production, a figure projected to rise to 25% by 2030. Additionally, India's pivotal role in shaping the automotive industry's future, particularly in software innovation, next-generation electronics, and industrial automation, will be underscored.

The event, boasting participation from 47 countries, will showcase diverse offerings, including a comprehensive auto show, a tyre exhibition, cutting-edge electric vehicles, and advanced technologies. Moreover, it will spotlight urban mobility solutions like drones, batteries, and charging stations alongside IT initiatives in EVs, hybrids, hydrogen, and CNG/LNG vehicles. The expo aims to foster meaningful collaborations and partnerships by facilitating strategic networking through buyer-seller meets. Notable participants include leading original equipment manufacturers (OEMs) such as Maruti Suzuki India, Tata Motors, Kia India, Mahindra and Mahindra, Hyundai Motor India, and prominent auto component manufacturers and battery companies.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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