NEW DELHI: India is firmly on course to achieve its ambitious USD 1 trillion exports target for the current financial year, with combined merchandise and services exports reaching approximately USD 480 billion during April–September 2026–27. Commerce and Industry Minister Shri Piyush Goyal has expressed confidence in the country’s export momentum, describing the annual target as a key national priority and urging Indian manufacturers to strengthen their global presence.
Addressing the curtain-raiser event for the Bharat Mobility Global Expo 2027, Goyal said India had already achieved around 48 per cent of its annual export target in the first six months of the fiscal year. He also indicated that the forthcoming October trade figures were encouraging and reaffirmed the government’s confidence in achieving the USD 1 trillion milestone.
The October trade data are scheduled to be officially released by Commerce Secretary Rajesh Agarwal on November 13.
Free Trade Agreements to Open New Global Market Opportunities
Highlighting the growing importance of international trade partnerships, Goyal said India’s recently concluded and ongoing Free Trade Agreements (FTAs) would provide preferential market access for Indian products across economies representing nearly 75 per cent of global GDP.
He particularly emphasised the opportunities emerging from the India–European Union trade agreement, noting that it could significantly transform India’s automotive and wider mobility ecosystem.
According to the Minister, European automotive manufacturers are increasingly looking at India not merely as a destination for vehicle sales but also as a strategic manufacturing base. India’s competitive manufacturing costs, expanding industrial capabilities and large domestic market could encourage European companies to establish production facilities in the country and use India as an export hub for global markets.
Goyal encouraged Indian automotive manufacturers, component suppliers, startups, steel producers and rubber manufacturers to explore partnerships and collaborations with international companies to capture emerging opportunities.
India’s Automotive Sector Poised for Global Competitiveness
Emphasising the need to move beyond domestic market demand, the Minister urged automobile manufacturers to pursue an export-oriented growth strategy. He said combining India’s strong domestic consumption with international market opportunities would enable manufacturers to achieve economies of scale, improve cost competitiveness and strengthen India’s position in global supply chains.
Citing Maruti Suzuki’s expanding international footprint, Goyal highlighted how the company has emerged as an exporter to Japan and more than 50 other countries, including through its growing focus on electric mobility.
He called upon industry stakeholders to seize emerging opportunities in all mobility segments before competing manufacturing destinations gain an advantage.
The Minister also underlined the employment potential of the automotive and mobility ecosystem, expressing confidence that the sector could expand its workforce from approximately 3 crore at present to 10 crore in the coming years.
Industry Must Accelerate Innovation and MSME Participation
Speaking at the event, Commerce Secretary Rajesh Agarwal urged the domestic automobile industry to prioritise innovation, research and development, and the introduction of new products to remain competitive in a rapidly transforming global mobility landscape.
He emphasised that Indian manufacturers must stay ahead of the global innovation curve and strengthen their technological capabilities. He also called for greater participation of micro, small and medium enterprises (MSMEs) in the industry’s growth journey to ensure sustainable and inclusive development across the mobility value chain.
Bharat Mobility Global Expo 2027 to Expand Its Global Footprint
The third edition of Bharat Mobility Global Expo, scheduled for 2027, is set to emerge on a significantly larger scale, reinforcing India’s ambition to become a major global hub for automotive manufacturing, mobility innovation and next-generation transportation technologies.
The exhibition will be organised across Bharat Mandapam and Yashobhoomi, covering more than 2.5 lakh square metres of exhibition space. It will feature 11 concurrent shows, over 1,750 exhibitors and an expected footfall exceeding 10 lakh visitors.
Moving beyond conventional automotive exhibitions, the 2027 edition will showcase the entire mobility ecosystem, including advanced automotive technologies, electric mobility, air mobility, urban mass transit, agri-mobility, batteries and energy solutions, and next-generation transportation systems.
The expanded platform is expected to bring together global manufacturers, technology providers, policymakers, investors, startups and industry stakeholders, creating opportunities for business partnerships, investment, innovation and international collaboration.
With rising exports, expanding trade partnerships and a rapidly evolving mobility ecosystem, India is positioning itself to play a stronger role in global manufacturing and international trade. Bharat Mobility Global Expo 2027 is expected to provide an important platform for translating this ambition into new investments, export opportunities, technological advancement and large-scale employment generation.
