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The seven-day Auto Expo which ended yesterday was visited by more than 2 million people. A total of 25 new models of vehicles were launched at the Auto Expo.
Union Minister of state for Commerce and Industry Jyotiraditya Scindia was full of praise for the Auto Expo and stated that India proves itself as an emerging power in the global backdrop. He was addressing at the valedictory function of the 10th Auto Expo.
"The expo has grown from strength to strength since 1986. This year we received two million footfalls," Scindia said. He also added that Indian automobile market is a “relatively virgin” one as the record shows only nine cars per thousand persons as against 27 per thousand in China.
He added, "...India is becoming attractive choice for its low-cost design innovation and design of scale and is becoming hub for manufacture of small cars... The Indian automobile market is growing at a CAGR (compound annual growth rate) of 30 per cent and last fiscal exports grew by 52 per cent.”
Hero Group's Sunil Kant Munjal stated that a total of 2,105 exhibitors took part at the biennial auto show. He said, "In terms of product launches, this expo surpassed all the previous editions with 25 new models revealed. This is the biggest and the best show we have ever had so far. We hope this expo will be the springboard for future development of the automobile and manufacturing sector.”
