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Automotive Product Finder Magazine | Nitin Gadkari targets Rs 15 trillion turnover in Indian auto sector

Nitin Gadkari targets Rs 15 trillion turnover in Indian auto sector

Japan’s Daramic doubles battery production capacity in Gujarat
Continental develops easy-to-recognise jacket for vulnerable road users

News  /   November

Greater Noida, Uttar Pradesh

Union Road Transport Minister Nitin Gadkari on Tuesday said that the Centre's mission is to increase the turnover of the automobile industry to Rs 15 trillion within the next five years.

Recently, Prime Minister Narendra Modi at the COP26 summit said India is aiming for net zero carbon emissions by 2070. Gadkari said that for this purpose, the government was encouraging the usage of CNG, LNG, green hydrogen, ethanol fuels and electric vehicles.

He said that, the current import of fossil fuel is currently Rs 8 trillion and it will reach Rs 25 trillion in the next five years. They are working constantly on the diversification of agriculture towards energy and power sectors. Flex engines are being used in US, Brazil and Canada, where they use 100 per cent petrol or 100 per cent ethanol. The government has given permission to make bioethanol from rice, corn and food grains and to open ethanol pumps just like petrol pumps. It can help in tackling pollution and it is also good for the tribal, agricultural areas of the country.

The vehicle scrapping policy is extremely important for ecology and economy. It will reduce pollution generated by old vehicles. Through scraping, raw materials like aluminium, steel, copper etc will be available at lower costs which will also reduce the production cost of the vehicle. Raw material costs can be reduced and dependence on imports. The industry's issue of shortage of semi-conductors will be resolved by this policy.

Source: ETAuto.com

Image Source: Google Images

Also read:

https://www.automotiveproductsfinder.com/news/how-to-increase-efficiency-in-automotive-aftermarket-in-india/135120

https://www.automotiveproductsfinder.com/news/piaggio-india-launches-re-designed-aprilia-sr-160-range/135117

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