The much-awaited Bharat Mobility Global Expo 2024 has thrown open its doors for the public at the Bharat Mandapam in Pragati Maidan, New Delhi on Thursday.
This three-day extravaganza, scheduled to run until February 3, is set to showcase the prowess of the Indian automotive industry on a global scale.
The importance of India in the global automobile scene has risen significantly since the country became the third-largest passenger vehicle market and the second largest two-wheeler market in the world in 2022. While most of the top original equipment manufacturers (OEMs) are present here, some are trying to foray into the burgeoning Indian market. The Expo has brought together the entire mobility value chain under one roof.
It is organised with the backing of various government ministries, including Commerce and Industry, Heavy Industries, Road Transport and Highways, Petroleum and Natural Gas, Power, and New and Renewable Energy. Industrial bodies like the Society of Indian Automobile Manufacturers (SIAM), Automotive Component Manufacturers Association of India (ACMA), and NASSCOM have also supported this event.
The Bharat Mobility Global Expo 2024 witnessed participation from over 28 leading OEMs, including Maruti, Hyundai, Tata, Mahindra, Kia, Mercedes-Benz, BMW, Hero MotoCorp, Bajaj, TVS, Ashok Leyland and VECV. There are over 600 auto component manufacturers, over 50 battery and storage companies, 10+ tyre manufacturers, nine construction equipment manufacturers, five steel manufacturers and 15+ technology and start-up companies, among others.
More than 20 conferences will be organised to discuss the automotive value chain during the three-day event. The topics include new-age aftermarket components, battery manufacturing and recycling, electrification and battery safety, ADAS and security, software-defined vehicles, and urban mobility.
As the event unfolds, it is expected to pave the way for strategic collaborations, technological advancements, and heightened global visibility for the Indian automotive sector.
It is pertinent to mention here that as an export hub, India’s contribution to the world is increasing rapidly with share of vehicles being exported from 14% presently to about 25% of all passenger vehicles produced in India by 2030. Similarly, about 30% of Two-Wheelers produced in India are expected to be exported by 2030.