Auto News

Auto Expo saw Rs 20,000 Crore worth of transactions

By Motortrend India Staff   |   23 January,2008

The promotion of Tata’s ‘Nano’ stole the limelight and the Chevy SUV, ‘Captiva’, turned a few heads, but these were only a small part of the recently concluded Auto Expo in New Delhi. The Auto Expo was a massive success!

As many as 1,200 participants displayed their products and spawned a record business of Rs 20,000 Crore during the duration of the entire event (from January 10 to January 18). Another achievement of this Expo was that it witnessed close to 1.8 million visitors, the highest number since the inception of the show. There were 65 original vehicle manufacturers, 95 component makers, and around 30 different cars were showcased – all these numbers are also an all-time high for this event since its beginning in 2000.

Economic Times quoted the Deputy Director General, Gurpal Singh, of the Confederation of Indian Industry (CII) saying that “The auto show saw over 9,000 trade enquiries. Of these, 66% enquiries came from business visitors, 21% from foreign visitors, around 4% from co-exhibitors and 8% from general visitors. More than 100 MoUs were also signed. While 59% were inked with business visitors, 27% with foreign visitors about 14% with co-exhibitors. Besides, we had conducted 1,400 business meetings at the expo which is the largest automotive event in Asia in terms of total space area.”

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