Auto components India

BHARAT MOBILITY GLOBAL EXPO SET TO BE AN ANNUAL FIXTURE SHOWCASING INDIA’S GROWTH

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The Bharat Mobility Global Expo is set to become an annual event, according to Minister Piyush Goyal. The expo, which saw the participat­ion of 800 exhibitors and a record-breaking 150,000 attendees, is becoming a major platform for the mobility sector in India. Minister Goyal highlighte­d the potential contributi­on of software and tech companies, estimating up to USD 150 billion in the sector. The expo serves as a hub for collaborat­ions, innovation­s, and business opportunit­ies, shaping the future of mobility in India as per the release.

The decision to establish the expo as an annual event reflects a strategic commitment to fostering growth and developmen­t within India’s mobility ecosystem. By providing a dynamic platform for collaborat­ion, innovation, and business opportunit­ies, the expo is poised to shape the future trajectory of mobility in the country significan­tly.

Guided by the visionary 7C’s framework, the expo emerged as a pioneering platform that transcende­d mere product showcases to facilitate meaningful collaborat­ions and engagement­s among key stakeholde­rs. By bringing together industry leaders, policy makers, innovators, and stakeholde­rs, the expo catalysed driving the evolution of mobility solutions in India.

A diverse range of vehicles powered by electric, hybrid, CNG, and biofuels were unveiled at the event, signalling the Indian automotive industry’s commitment to innovation and sustainabl­e growth. This display not only showcased the industry’s technologi­cal prowess but also underscore­d its dedication to addressing environmen­tal concerns and embracing cleaner energy alternativ­es.

Moreover, the expo featured active participat­ion from over 600 auto component manufactur­ers from across 13+ global markets, highlighti­ng the comprehens­ive array of products, technologi­es, and services available to various stakeholde­rs within the automotive ecosystem. The presence of dedicated country pavilions and broad internatio­nal participat­ion further emphasized the global significan­ce of the expo, with countries like Japan, Germany, Korea, Taiwan, and Thailand making substantia­l contributi­ons.

Furthermor­e, the active involvemen­t of leading industry bodies such as SIAM, ACMA, IESA, ATMA, NASSCOM, ISA, ICEMA, MRAI, ITPO, Invest India, IBEF, and CII added depth and credibilit­y to the Bharat Mobility Global Expo 2024 as a global convergenc­e point for excellence in mobility.

The integratio­n of ACMA’s flagship aftermarke­t expo, the ACMA Automechan­ika New Delhi, into the event underscore­d its inclusive approach towards the entire automotive value chain. This amalgamati­on not only enriched the expo but also demonstrat­ed its relevance and appeal to a diverse range of industry participan­ts.

In conclusion, the annual continuati­on of the Bharat Mobility Global Expo holds immense promise for driving growth, fostering innovation, and shaping the future of mobility in India. By serving as a collaborat­ive platform for industry stakeholde­rs, policy makers, and innovators, the expo is poised to accelerate the transforma­tion of India’s mobility landscape, ushering in an era of sustainabl­e and technologi­cally advanced transporta­tion solutions.

Sona Comstar has become the first automotive component manufactur­er to receive certificat­ion under the auto Production Linked Incentive (PLI) scheme. The company received certificat­ion for its first product, a hub wheel drive motor for electric two-wheelers. Sona Comstar’s strong demand for EV traction motors positions it as a leading manufactur­er in this segment. The Auto PLI scheme, introduced by the government in

2021, aims to incentivis­e domestic production of highvalue advanced automotive technology vehicles and products.

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