New Delhi: In today’s India, mobility in its various forms is a key driver of growth. As crores of people move out of poverty into the neo-middle class, there is social and economic mobility. The automobile industry is both a catalyst and a beneficiary in this value creation cycle. Employing crores of people, the industry has contributed to income growth, said Prime Minister Narendra Modi at the 63rd SIAM Convention on Tuesday.
“The Indian auto industry’s efforts towards decarbonisation through the introduction of vehicles with a wide range of powertrain technologies is noteworthy. Today, we have vehicles running on multiple alternative technologies like Ethanol, Flex-fuel, CNG. Bio-CNG, Hybrid Electric, Electric and Hydrogen. There is a need to continue and enhance such concerted efforts for reducing both carbon emissions and our country’s dependence on oil imports,” he said.
At the same time, the automobile sector too has been a beneficiary of greater demand generated by economic growth. The need of the hour today is to develop a mobility ecosystem that is sustainable and in harmony with the environment. Environmentally-conscious and economically viable mobility is the future.
The period till 2047, when we celebrate 100 years of independence, is an opportune time to realise the vision of building a strong, sustainable, self-reliant and developed India. I am confident that the discussions amongst industry experts and key stakeholders at the SIAM Convention will help draw a path for the automobile indust.
