Summary:

Union Minister Piyush Goyal expressed India's confidence in the automotive sector at the Bharat Mobility Global Expo 2025 in New Delhi. The ACMA-organized event featured the Show Directory, the ACMA Buyers Guide, and a study on the transition to electric vehicles (EVs). Goyal emphasized the importance of the auto component sector and the export surplus, pointing out that Free Trade Agreements (FTAs) will create new global markets.

Union Minister Piyush Goyal announced a goal for India's automotive sector, targeting Rs. 8,65,000 crore (US$ 100 billion) in exports and positioning India as a global leader in EVs. He highlighted the significance of innovation, cost competitiveness, and precise engineering. He advocated for a self-sustaining EV ecosystem, with a focus on electric buses and trucks. The Bharat Mobility Expo 2025 will showcase cutting-edge technologies, enhancing India's status as a global manufacturing hub.

Source: IBEF

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