Prime Minister Narendra Modi inaugurates Bharat Mobility Global Expo 2025
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The Prime
Minister Narendra Modi inaugurated the Bharat Mobility Global Expo 2025, the
largest mobility expo in India, today at Bharat Mandapam, New Delhi. Addressing
the gathering, he thanked the people for having their Government elected for
the third consecutive time. He added that the scale of this year’s expo had
greatly expanded with the expo happening at two other venues in the National
Capital Region, as compared to last year’s numbers of 800 exhibitors, 2.5 lakh
visitors. Shri Modi noted that over the next 5 days, there would be many new
vehicles launched with lots of delegates attending the event. “This shows that
there is great positivity related to the future of mobility in India”, he
added. Mentioning his visit to the exhibition at the venue, Modi exclaimed “
The automotive industry of India is fantastic and future-ready” and gave his
best regards to everyone.
The Prime Minister reminisced Ratan Tata and Mr. Osamu
Suzuki during the grand event of the Indian Auto sector. He remarked that the
contributions of both the stalwarts were immense in the growth of the Indian
Auto sector as well as fulfilling the dreams of middle-class families of India.
He expressed confidence that their legacy will continue to inspire the entire
mobility sector of India.
“Driven by the aspirations of the people and energy of
the youth, India's automobile sector is witnessing an unprecedented
transformation”, remarked the Prime Minister. He added that in the past year,
the Indian Auto industry has grown by nearly 12%. He further remarked that the
export was rising driven by the mantra of “Make in India and Make for the
World”. Shri Modi remarked that the number of cars sold annually in India
surpasses the population of many countries. He remarked that the sale of
approximately 2.5 crore cars in a year demonstrates the continuously growing
demand in India. The Prime Minister emphasized that this growth showcases why
India is viewed with such high expectations when it comes to the future of
mobility.
“India is currently the world's fifth-largest economy and
the third-largest passenger vehicle market”, highlighted Modi. He remarked that
as India ascends to become one of the top three economies globally, the
country's auto market will witness unprecedented transformation and expansion.
The Prime Minister emphasized that several factors drive the future of mobility
in India, including the country's large youth population, the expanding middle
class, rapid urbanization, modern infrastructure development, and affordable
vehicles through the Make in India initiative. He added that these factors
collectively push the growth of the auto sector in India.
Underscoring the importance of both need and aspirations
for the growth of the auto industry, the Prime Minister remarked that India
possesses both and emphasized that India will remain the world's youngest
country for many decades, with the youth being the largest customer base. He
noted that this large youth demographic will create significant demand.
Additionally, the Prime Minister pointed out that another major customer base
is India's middle class and over the past decade, 25 crore Indians have risen
out of poverty, forming a neo-middle class that is purchasing their first
vehicles. He added that as progress continues, this group will upgrade their
vehicles, benefiting the auto sector.
Noting that the lack of good and wide roads was once a
reason for not buying cars in India, the Prime Minister remarked that this
situation is changing and said “Ease of travel is now a major priority for
India”. He noted that over Rs 11 lakh crore was allocated for infrastructure
development in the last year's budget. The Prime Minister highlighted that
multi-lane highways and expressways were being constructed across India. He
remarked that the PM GatiShakti National Master Plan had accelerated multimodal
connectivity and reduced logistics costs. The Prime Minister emphasized that
the National Logistics Policy will make India the country with the most
competitive logistics costs globally. He noted that these efforts are opening
numerous new opportunities for the auto industry and are a significant reason
for the increasing demand for vehicles in the country.
“Along with good infrastructure, new technology is also
being integrated”, said Shri Modi. He remarked that FASTag had made the driving
experience in India much easier. The Prime Minister emphasized that the
National Common Mobility Card is further strengthening efforts for seamless
travel in India. He noted that India is now moving towards smart mobility, with
rapid advancements in connected vehicles and autonomous driving.
Stressing the significant role of the Make in India
initiative in the growth potential of India's auto industry, the Prime Minister
remarked that the PLI schemes had given new momentum to the Make in India
campaign, aiding sales of over ₹2.25 lakh crore. He emphasised that this scheme
has created more than 1.5 lakh direct jobs in the sector. The Prime Minister
noted that job creation in the auto sector had a multiplier effect on other
sectors. He highlighted that a large number of auto parts were manufactured by
the MSME sector. He remarked that as the auto sector grows, new jobs are also
created in MSMEs, logistics, tourism, and transport sectors.
Underlining the comprehensive support provided by the
government to the auto sector at every level, Modi remarked that over the past
decade, new avenues for FDI, technology transfer, and global partnerships were
established in the industry. The Prime Minister emphasised that in the last
four years alone, the sector has attracted over $36 billion in Foreign Direct
Investment. He noted that this figure was expected to multiply in the coming
years. The Prime Minister reiterated the government's commitment to developing a
complete ecosystem for auto manufacturing within India.
Recollecting his vision of the "Seven Cs for
mobility solutions”: Common, Connected, Convenient, Congestion-free, Charged,
Clean, and Cutting-edge, the Prime Minister emphasised that the focus on green
mobility is part of this vision. He remarked that India was building a mobility
system that supports both the economy and ecology, reducing the import bill for
fossil fuels. He noted that there was significant focus on the development of
green technology, EVs, hydrogen fuel, and biofuels. The Prime Minister
highlighted that initiatives like the National Electric Mobility Mission and
the Green Hydrogen Mission have been launched with this vision in mind.
Emphasising the rapid growth of electric mobility in
India over the past few years, Shri Modi remarked that the sale of electric
vehicles has increased 640 times in the past decade. He noted that while only
around 2,600 electric vehicles were sold annually ten years ago, over 16.80
lakh electric vehicles were sold in 2024. He emphasized that the number of
electric vehicles sold in a single day today is double the number sold in an
entire year a decade ago. The Prime Minister projected that the number of
electric vehicles in India could increase eightfold by the end of this decade,
showcasing the immense potential in this segment.
Stressing on the continuous policy decisions and support
provided by the government for the expansion of electric mobility in the
country, the Prime Minister remarked that the FAME-2 scheme, launched five
years ago, had provided incentives worth over ₹8,000 crore. He emphasized that
this amount was used to subsidise the purchase of electric vehicles and build
charging infrastructure, supporting over 16 lakh EVs, including more than 5,000
electric buses. He noted that over 1,200 electric buses provided by the Union
government were operating in Delhi.
The Prime
Minister highlighted the introduction of the PM E-Drive scheme in the third
term, which will support the purchase of around 28 lakh EVs, including
two-wheelers, three-wheelers, e-ambulances, and e-trucks. He emphasised that
approximately 14,000 electric buses will also be purchased, and over 70,000
fast chargers will be installed across the country for various vehicles. The
Prime Minister noted that the PM E-Bus service has been launched in the third
term to support the operation of around 38,000 e-buses in small cities across
the country. Underscoring the continuous support provided by the government for
EV manufacturing, Shri Modi remarked that pathways were created for global
investors interested in EV car manufacturing in India. He highlighted that
these efforts will help expand the quality EV manufacturing ecosystem and build
the value chain in India.
Stressing on the need to continuously promote solar power
and alternative fuels to tackle the challenges of global warming and climate
change, the Prime Minister remarked that during India's G-20 presidency, there
was a strong emphasis on a green future. He emphasized that significant work
was being done in India on both EVs and solar power. He noted that the PM
Suryagarh - Free Electricity Scheme is a major mission for rooftop solar. The
Prime Minister highlighted the increasing demand for batteries and storage
systems in this sector. He remarked that the Government had launched an ₹18,000
crore PLI scheme to promote advanced chemistry cell battery storage. Modi
underlined that this was the right time for significant investments in this
sector. He urged the youth of the country to start startups in the energy
storage sector. The Prime Minister emphasized the need to work on innovations
that can create batteries and storage systems using materials available in
India. He noted that considerable work is already being done in this area, but
it was essential to advance it in mission mode.
Emphasizing the clear intent and commitment of the Union
Government, Modi remarked that whether it is formulating new policies or
implementing reforms, the government's efforts are ongoing. Urging the
manufacturers to take advantage of the vehicle scrapping policy, he suggested
that companies could introduce their own incentive schemes to encourage more
people to scrap their old vehicles. The Prime Minister highlighted that this
motivation was crucial and would be a significant service to the country's
environment.
The Prime Minister highlighted that the automotive
industry was driven by innovation and technology. He stressed that the future
belongs to the East, Asia, and India. The Prime Minister emphasized that India
was an excellent destination for every investor looking to see their future in
mobility. Concluding his address, Shri Modi reassured everyone that the
Government was fully supportive and encouraged everyone to continue advancing
with the mantra of "Make in India, Make for the World."
The Union Minister for Road Transport and Highways, Nitin
Gadkari, Union Minister for Housing and Urban Affairs, Manohar Lal, Union
Minister for Heavy Industries and Steel, HD Kumaraswamy, Union Minister
for Commerce and Industry, Piyush Goyal, Union Minister for Micro, Small and
Medium Enterprises, Jitan Ram Manjhi and Union Minister for Petroleum and
Natural Gas, Hardeep Singh Puri were present among other dignitaries at the
event.
The
Bharat Mobility Global Expo 2025 is being held from 17-22 January, 2025 across
three separate venues: Bharat Mandapam & Yashobhoomi in New Delhi and India
Expo Centre & Mart, Greater Noida. Expo will host over 9 concurrent shows,
20+ conferences and pavilions. In addition, the Expo will also feature states
sessions to showcase policies and initiatives in the mobility sector to enable
collaboration between industry and regional levels.
Bharat Mobility Global Expo 2025 aims to unite the entire
mobility value chain under one umbrella. This year’s expo has a special
emphasis on the global significance with participation from across the globe as
exhibitors and visitors. It is an industry-led and government-supported
initiative and is being coordinated by Engineering Export Promotion Council of
India with the joint support of various industry bodies and partner organisations.