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, Shri 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 Shri 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 ₹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.
