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UNION COMMERCE MINISTER URGES AUTO INDUSTRY TO SET 50% EXPORT SHARE TARGET
The Business Guardian
|January 06, 2024
The auto industry should not limit itself to achieving a 25% export share and instead aim for at least 50% export share, Union Commerce and Industry Minister Mr Piyush Goyal said at the curtain raiser event of Bharat Mobility Global Expo 2024.
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As an export hub, India's contribution to the world is increasing rapidly with a 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.
Scheduled to be held on February 1-3 at Bharat Mandapam in New Delhi, EEPC India is anchoring the Bharat Mobility Global Expo Industry and, the Ministry of Heavy Industries. Various shareholder industry bodies are also supporting the initiative.
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