Bharat Mobility Global Expo to be an annual event demonstrating India’s growth story: Piyush Goyal

New Delhi, 4th February 2023: In a significant development on the 3rd and final day of the first edition of Bharat Mobility Global Expo 2024, Honourable Minister of Commerce & Industry, Shri Piyush Goyal, declared that the highly successful event will now become an annual affair. Minister Goyal commended the outstanding achievements of this year’s expo, citing its massive scale and impact on the mobility sector.

The inaugural Bharat Mobility Global Expo, held from 1st February to 3rd February, witnessed an impressive turnout with around 800 exhibitors showcasing cutting-edge innovations. The event garnered overwhelming support, with a record-breaking 150,000 registered visitors including business visitors.

Expressing his enthusiasm for the future of the mobility sector, Honourable Minister, Shri Piyush Goyal stated, “This marks a significant milestone within the mobility sector, representing a crucial threshold for success. Every year, the Bharat Mobility Global Expo is going to be an institution of ideas and innovations that would further help demonstrate India’s growth story to the people of our nation. This year’s overwhelming success, marked by the participation of top industry players, innovators, and a massive audience, has solidified its importance as a crucial platform for the mobility sector.” Emphasizing the symbiotic relationship between the technology and automotive sectors, Honourable Minister, Shri Piyush Goyal said “Software and technology companies are poised to play a transformative role by contributing up to 150 billion dollars to the mobility sector”

He further highlighted the expo’s role in facilitating business interactions, promoting technological advancements, and fostering collaborations among industry leaders. “The response we’ve received this year is a testament to the growing significance of the mobility sector in India. The expo has emerged as a key catalyst for driving innovation, showcasing the latest technologies, and shaping the future of mobility,” added Minister Goyal.

The annual continuation of the Bharat Mobility Global Expo is expected to contribute significantly to the growth and development of the mobility ecosystem in India. The event will continue to serve as a dynamic platform for industry stakeholders, policymakers, innovators, and enthusiasts to converge, exchange ideas, and drive the evolution of mobility solutions.

Guided by the visionary 7C’s framework, the expo emerged as a pioneering platform that not only showcased the latest innovations but also facilitated meaningful collaborations among industry leaders, policymakers, innovators, and stakeholders. The unveiling of a diverse range of electric, hybrid, CNG, and biofuel-powered vehicles underscored the Indian automotive industry’s unwavering commitment to driving innovation and progressive growth.

Beyond vehicle showcases, the event witnessed active participation from over 600 auto component manufacturers from across 13+ global markets, highlighting the comprehensive array of products, technologies, and services available for OEMs, the aftermarket, and various supply chains. The dedicated country pavilions and broad international participation showcased the global resonance of the expo, with countries like Japan, Germany, Korea, Taiwan, and Thailand contributing significantly.

The integration of ACMA’s flagship aftermarket expo, the ACMA Automechanika New Delhi, further enriched the event, emphasizing the expo’s inclusive approach towards the entire automotive ecosystem. With EEPC as the coordinating agency, the exhibition also saw participation from leading industry bodies such as SIAM, ACMA, IESA, ATMA, NASSCOM, ISA, ICEMA, MRAI, ITPO, Invest India, IBEF, and CII. This added depth and credibility, solidifying the Bharat Mobility Global Expo 2024 as a global convergence point for excellence in mobility.