September 30, 2018
Inaugurating the Summit, PM Modi said that the future of mobility in India is based on 7 Cs – Common, Connected, Convenient, Congestion-free, Charged, Clean and Cutting-edge
The event focussed on raising awareness about various aspects of clean mobility while uniting stakeholders involved in boosting new-age transportation across different platforms
The Indian automobile industry became the fourth largest in the world with sales increasing 9.5 per cent year-on-year to 4 million units (excluding two wheelers) during 2017
Besides lucrative trade and investment activities, opportunities in the mobility space will generate employment and augment the nation’s transportation infrastructure
The National Institution for Transforming India, or the NITI Aayog, a policy think tank of the Government of India, on September 7-8 organised MOVE: India’s first Global Mobility Summit. The event, inaugurated by Prime Minister Narendra Modi, focussed on raising awareness about various aspects of clean mobility while connecting critical stakeholders that are involved in boosting new-age transportation across different platforms. Representatives from intergovernmental organizations, academia, policy think tanks as well as leaders of the global mobility sector such as OEMs, battery manufacturers, charging infrastructure providers and technology providers attended the event.
The Mobility Summit was attended by the Ministry of Road Transport and Highways, Ministry of Power, Ministry of Electronics and Information Technology and the Department of Heavy Industries. The event comes amid ongoing disruptions in the Indian mobility sector that seek to make transportation more clean, connected, shared and seamless. This has emerged as a critical investment opportunity given the sheer size of the Indian market. The Indian auto industry became the fourth largest in the world with sales rising 9.5 per cent year-on-year to 4 million units (excluding two wheelers) in 2017. It was the seventh largest manufacturer of commercial vehicles in 2017.
Inaugurating the Summit, PM Modi said that the future of mobility in India is based on 7 Cs – Common, Connected, Convenient, Congestion-free, Charged, Clean and Cutting-edge. Besides lucrative trade and investment, opportunities in the mobility space will generate employment and augment the nation’s transportation infrastructure. Indian Government is chasing an ambitious target of converting all vehicles to the electric platform and this offers strong income opportunities. The event saw more than 2,200 participants from across the world. Meanwhile, Indian automotive industry (including component manufacturing) is expected to reach as much as US$280 billion by 2026.