Future of mobility belongs to India, says PM Modi

New Delhi, PTI: Prime Minister Narendra Modi on Friday said future of mobility belongs to India that saw an unprecedented sale of 2.5 crore vehicles a year, and attracted $36 billion foreign direct investment in just four years. Addressing a gathering after inaugurating the Bharat Mobility Global Expo 2025 at Bharat Mandapam here, the prime minister also emphasised that India stands as an outstanding destination for every investor looking to shape one's future in the mobility sector. The five-day expo which is being held across three venues Bharat Mandapam and Yashobhoomi in the national capital and India Expo Center and Mart, Greater Noida is expected to witness over 100 new launches across automobiles, component products and technologies.

India's largest auto expo, scheduled from January 17-22, will bring the entire value chain of the mobility ecosystem from automobile manufacturers to components, electronics parts, tyre and energy storage makers, and automotive software firms and material recyclers under a single umbrella. Modi said the automotive industry was driven by innovation and technology and stressed that the future belongs to the East, Asia, and India. The performance linked incentive (PLI) schemes, he said, have given new momentum to the 'Make in India' campaign, aiding sales of over Rs 2.25 lakh crore and creation of more than 1.5 lakh direct jobs in the sector.

Modi remarked that the number of cars sold annually in India surpasses the population of many countries. The sale of approximately 2.5 crore cars in a year demonstrates the continuously growing demand in India, Modi said. Modi said India is building a mobility system that supports both the economy and ecology, reducing the import bill for fossil fuels. The country, he said, is focusing on the development of green technology, EVs, hydrogen fuel and biofuels. Speaking on the occasion, Commerce and Industry Minister Piyush Goyal said Bharat Mobility 2025 presents the India story to the world and that it will augment investments and boost trade for the country.

Auto industry has emerged as a symbol for Atmanirbhar Bharat and Make in India and startups are also participating in the event, he said. The minister informed that India has become the largest manufacturer of three-wheelers and tractors in the world and also holds the top spot as a twowheeler market in the world. Union ministers Nitin Gadkari, Manohar Lal, H D Kumaraswamy, Jitan Ram Manjhi, and Hardeep Singh Puri too were present among other dignitaries at the event.