The seven-day Auto Expo ended on Monday with close to 72 vehicle launches. Among these, there were more than 10 global launches that include both passenger vehicles and two-wheelers.
Addressing the valedictory ceremony of the Auto Expo, Minister of State for Commerce and Industry Jyotiraditya Scindia observed “It is clear that the Auto Expo is indeed rapidly emerging as one of the key events of the global auto industry and this, as you and I know, is testimony to the emergence of India as an economic powerhouse in the global arena”, he stated.
Mr. Scindia pointed out that while most of the key markets in the US and Europe are still struggling with negative growth, India and China are perhaps the only two auto markets that have shown sign of quick recovery from the slowdown.
The Minister said that the number of new models launched at the 2010 Auto Expo underlines the robust recovery of the Indian auto market and the growing stature in the world. Mr. Scindia said the government aims to give full support to the automotive SME and particularly to technology upgradation. The Minister also noted that the emergence of the Indian auto components industry as a serious global player was equally impressive.
On the culmination of the silver jubilee edition of the auto expo, several exhibitors were honoured with silver plaques for their various contributions to the show. The awards were given away by Jyotiraditya Scindia, Minister of State for Commerce & Industry.
Tata Motors and Maruti Suzuki are recognised for having the largest display area for the 2010 show. The largest country pavilion award for the 2010 show went to VDA and the Indo-German Chamber of Commerce for the German pavilion.
Earlier in his welcome address Mr. Sunil Kant Munjal, Past President, CII observed that the Silver Jubilee edition of the Auto Expo has set a new milestone in the Indian automotive industry. It has placed the sector on the global auto industry map. It will be the springboard for the future development of the industry as well as the manufacturing sector in India.