North News
New Delhi, January 18
Union Minister of Commerce and Industry Piyush Goyal highlighted India’s growing dominance in the global auto component sector, emphasizing that the industry is moving towards a net surplus in exports. He stated that while negotiating Free Trade Agreements (FTAs), the auto component industry stands out as a key player, benefiting from expanding access to international markets. Speaking at the launch of the Bharat Mobility Global Expo 2025, organized by the Automotive Components Manufacturers Association of India (ACMA), Goyal praised the sector for its competitiveness, innovation, and ability to contribute to the national goal of self-reliance. “The next 10 years will define the future of the industry, with the aim of reaching $100 billion in exports,” Goyal said. “This will be vital to make India Atmanirbhar.”
The minister emphasized the importance of electric vehicle (EV) technology in driving industry growth and urged the auto sector to build its own EV ecosystem. He also stressed the need to reduce reliance on foreign non-market economies and improve India’s self-sufficiency in precision tooling. The Bharat Mobility Expo 2025, set to run from January 17-22, 2025, will showcase innovations in automotive components, EVs, and sustainable mobility solutions, reinforcing India’s role as a manufacturing hub.
