Future of mobility belongs to us: PM

New Delhi: Prime Minister Narendra Modi on Friday said that India stands as an outstanding destination for every investor looking to shape their future in the mobility sector and assured government support. Speaking after inaugurating the Bharat Mobility Global Expo 2025 at Bharat Mandapam in the national capital, the Prime Minister said that India is focusing on the development of green technology, EVs, hydrogen fuel and biofuels, a complete ecosystem for auto manufacturing.

Modi stated that driven by the aspirations of the people and energy of the youth, India’s automobile sector is witnessing an unprecedented transformation. He mentioned that in the past year, the Indian auto industry has grown by nearly 12 per cent.

The Prime Minister said that the sale of approximately 2.5-crore cars in a year demonstrates the continuously growing demand in India. He emphasised that this growth showcases why India is viewed with such high expectations when it comes to the future of mobility.

Modi said that the number of cars sold annually in India surpasses the population of many countries and attributed the rise in exports to the “Make in India and Make for the World” mantra.

Highlighting that India is currently the world’s fifth-largest economy and the third-largest passenger vehicle market, Modi said that as India ascends to become one of the top three economies globally, the country’s auto market will witness unprecedented transformation and expansion.

The Prime Minister noted that several factors drive the future of mobility in India, including the country’s large youth population, the expanding middle class, rapid urbanisation, modern infrastructure development and affordable vehicles through the “Make in India” initiative.

“These factors collectively push the growth of the auto sector in India,” he said.

Stressing the significant role of the Make in India initiative in the growth potential of India’s auto industry, the Prime Minister said that the PLI schemes had given new momentum to the campaign, aiding sales of over `2.25-lakh crore. He emphasised that this scheme has created more than 1.5 lakh direct jobs in the sector.

Noting that job creation in the auto sector had a multiplier effect on other sectors, Modi highlighted that a large number of auto parts were manufactured by the MSME sector. He remarked that as the auto sector grows, new jobs are also created in MSMEs, logistics, tourism and transport sectors.

Underlining the comprehensive support provided by the government to the auto sector at every level, Modi further mentioned that over the past decade, new avenues for FDI, technology transfer and global partnerships were established in the industry.

The Prime Minister pointed out that in the last four years alone, the sector has attracted over $36 billion in foreign direct investment and this figure is expected to multiply in the coming years. He also reiterated the government's commitment to developing a complete ecosystem for auto manufacturing within India.

Recollecting his vision of the “seven Cs for mobility solutions — common, connected, convenient, congestion-free, charged, clean and cutting-edge”, the Prime Minister emphasised that the focus on green mobility is part of this vision.

Emphasising the rapid growth of electric mobility in India over the past few years, Modi pointed out the sale of electric vehicles has increased 640 times in the past decade. He projected that the number of electric vehicles in India could increase eightfold by the end of this decade, showcasing the immense potential in this segment.

Stressing the need to continuously promote solar power and alternative fuels to tackle the challenges of global warming and climate change, the Prime Minister stated that the government had launched an Rs 18,000 crore PLI scheme to promote advanced chemistry cell battery storage.

Underlining that this is the right time for significant investments in this sector, he urged the youth of the country to start startups in the energy storage sector.

The Prime Minister emphasised the need to work on innovations that can create batteries and storage systems using materials available in India. He noted that considerable work is already being done in this area, but it is essential to advance it in mission mode.

Emphasising the clear intent and commitment of the Union government, Modi said that whether it is formulating new policies or implementing reforms, the government’s efforts are ongoing.

Urging the manufacturers to take advantage of the vehicle scrapping policy, he suggested that companies could introduce their own incentive schemes to encourage more people to scrap their old vehicles.

Pointing out that the automotive industry was driven by innovation and technology, Modi stressed that the future belongs to the East, Asia and India.

The Prime Minister said that India is an excellent destination for every investor looking to see their future in mobility. He reassured everyone that the government is fully supportive and encouraged everyone to continue advancing with the mantra of Make in India, Make for the World.