June 18, 2020 7:26 PM

printer

India will become manufacturing hub for Electric Vehicles in next five years: Gadkari

Road Transport and Highways Minister Nitin Gadkari has expressed confidence that India will become a manufacturing hub for Electric Vehicles (EV) in the next five years.  <br />''<br />''He said, the government is trying to extend best possible concessions to this sector, and has lowered the GST on electrical vehicles to 12 per cent. <br />''<br />''The Minister was addressing a webinar on India's Electric Vehicle Roadmap post-COVID-19 today. Mr Gadkari said, he is aware of the issues being faced by the EV sector, but is also sure of the things to change as the sales volumes increase. Mr Gadkari said, the world is no more interested in doing business with China, which is a very good opportunity for Indian industry to pick up the shift in the business.<br />''<br />''He also said, with petroleum fuel being available in limited quantity, the World has to look for alternate and cheap sources of power. He said, electric and bio fuels stand a good chance for adoption. The Minister also indicated towards the ensuing vehicle scrapping policy, and commented that it will give a fillip to auto manufacturing sector.<br />''<span style="color: #222222;"><br />''He recalled the London model of public transport, where private and public investment is working well. Mr Gadkari said, adopting a similar approach will be beneficial for both the poor commuters and the civic administration. He indicated towards working on a pilot project for developing an electric highway on the upcoming Delhi-Mumbai Green Corridor.</span><br />

Most Read
View All arrow-right

No posts found.