At present, it is the second-largest automotive expo in the world.
The expo, he said, will serve as a call to action for global partnerships, inviting international investors to tap into India’s growing consumer base and business-friendly ecosystem.
“Innovation and sustainability have become the focus of the mobility sector and India’s share in the mobility global supply chains is also increasing. India’s mobility sector is cost-competitive and is also focussing on product quality,” he said.
Goyal also said that electric vehicles are shaping the mobility sector and India holds a great advantage in this area.
He noted that India is witnessing a lot of first-time automobile buyers and nudging them towards buying electric vehicles will hugely benefit the entire ecosystem leading to a reduction in pollution levels and stemming the inflow of foreign exchange. The government is also focussing on improving battery technology and better vehicle designs in the market, he said.
