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Driverless cars will never be allowed in India: Nitin Gadkari

Inc42 · 1y ago

Driverless cars will never be allowed in India: Nitin Gadkari

Indian Union Minister of Road Transport and Highways, Nitin Gadkari, has stated that driverless cars will not be permitted in India as it would result in the loss of jobs for drivers. He emphasized that he would not allow this to happen, expressing concerns about the potential unemployment impact. Gadkari's comments come as Tesla explores entry into the Indian market, although he clarified that manufacturing in China for sales in India is not allowed. He also emphasized the government's focus on adopting advanced technologies, including hydrogen as a future fuel.

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Nitin Gadkari wants states to push for GST cut on flex-engine vehicles —‘MDs of Tata, Suzuki & Toyota have decided to…’ | Mint

Livemint

Livemint · 12m ago

Nitin Gadkari wants states to push for GST cut on flex-engine vehicles —‘MDs of Tata, Suzuki & Toyota have decided to…’ | Mint

Union Minister of Road Transport and Highways, Nitin Gadkari, has urged state governments to support a reduction in Goods and Services Tax (GST) on flex-engine vehicles. He proposed lowering the GST to 12% for flex engines, cars, and scooters in order to promote these eco-friendly options. Gadkari emphasized the economic viability, technological advancements, raw material availability, and marketability of flex engines. Several automobile manufacturers, including Tata, Suzuki, and Toyota, have committed to launching flex engine vehicles in India. Gadkari highlighted the potential market opportunities and environmental advantages of using biofuels in these vehicles.

Indian EV market to touch one crore units in annual sales by 2030: Nitin Gadkari

YourStory

YourStory · 11m ago

Indian EV market to touch one crore units in annual sales by 2030: Nitin Gadkari

India's electric vehicle (EV) market is projected to reach one crore annual sales by 2030, according to Union Minister Nitin Gadkari. This growth is expected to create five crore jobs in the country. Gadkari also expressed hopes that India will become the top global automotive manufacturing hub. The potential of India's EV market is estimated to be around Rs 20 lakh crore by 2030, with an estimated Rs 4 lakh crore in the EV finance market. The minister noted that the cost of lithium-ion batteries is expected to decrease, making EVs more affordable and driving higher adoption rates.

India's Small Cities Home to Over 400 EV Makers: Nitin Gadkari

OutlookIndia

OutlookIndia · 5m ago

India's Small Cities Home to Over 400 EV Makers: Nitin Gadkari

Over 400 electric vehicle (EV) manufacturers are operating in India’s smaller cities, indicating a thriving startup ecosystem, according to Union Transport Minister Nitin Gadkari. Speaking at the Convergence India Expo, Gadkari highlighted the vast domestic and export opportunities arising from this momentum in electric mobility, supported by 42% of India’s power being generated from renewable resources. He also noted efforts to produce biofuels and tackle pollution through innovation, enhancing sustainable transportation in the country.

Govt aims to make India's auto industry No.1 globally in next five years: Nitin Gadkari

Economic Times

Economic Times · 9d ago

Govt aims to make India's auto industry No.1 globally in next five years: Nitin Gadkari

India aims to become the world's leading automobile industry within five years, according to Union Minister Nitin Gadkari. The industry has grown significantly from Rs 7.5 lakh crore in 2014 to Rs 22 lakh crore. Gadkari credits a reduction in logistics costs to 10% of GDP from previous 16%, through investments in expressways. The express industry is projected to double by 2030, creating millions of jobs, contributing significantly to GST and customs revenue.

Amid Electrification Push, India Aims To Lead The World In Automobile: Nitin Gadkari

Inc42 · 11m ago

Amid Electrification Push, India Aims To Lead The World In Automobile: Nitin Gadkari

India aims to become the global leader in the automobile industry within the next five years. Nitin Gadkari, Union Minister, expressed this ambition while emphasizing collaboration with electric vehicle manufacturers. Gadkari also highlighted the significant potential for electric two-wheeler exports from India, mentioning that half of the motorcycles produced in the country are already being exported. This statement follows the recent approval of the 'PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme,' which has a budget of INR 10,900 crore.

Electric vehicle makers no longer need to be subsidised by govt: Gadkari

YourStory

YourStory · 11m ago

Electric vehicle makers no longer need to be subsidised by govt: Gadkari

Union Minister Nitin Gadkari stated that there is no need to provide subsidies for electric vehicle (EV) manufacturers as consumers are choosing EVs and compressed natural gas (CNG) vehicles on their own. Gadkari noted that the manufacturing costs of EVs have decreased with increased demand. He asserted that the government does not need to provide significant subsidies for EVs anymore, and that the reduced Goods and Services Tax (GST) on EVs compared to petrol and diesel vehicles is already beneficial. Gadkari expects the cost of diesel, petrol, and EVs to be the same in two years.

ET World Leaders Forum: From Rajnath Singh to Piyush Goyal, top ministers to address who’s who of world Inc

Economic Times

Economic Times · 15d ago

ET World Leaders Forum: From Rajnath Singh to Piyush Goyal, top ministers to address who’s who of world Inc

Defence Minister Rajnath Singh is set to inaugurate The Economic Times World Leaders Forum, gathering business leaders and policymakers to discuss global challenges and opportunities. Key speakers include ministers Nitin Gadkari and Piyush Goyal. Discussions will cover themes like geopolitical uncertainties and emerging technologies. Singh focuses on enhancing defence capabilities and partnerships, while Gadkari drives infrastructure growth with green initiatives. Goyal steers trade policies and manufacturing incentives to boost the economy by 2047.

Nitin Gadkari asks industry not to demand tax cuts perennially. Here's why

YourStory

YourStory · 5m ago

Nitin Gadkari asks industry not to demand tax cuts perennially. Here's why

Union Minister Nitin Gadkari advised the industry against persistently seeking tax reductions, noting the government's need for funds to support welfare programs. Speaking at an event, he highlighted plans to lower India’s logistics costs from the current 14-16% to 9% within two years, enhancing global competitiveness. Gadkari emphasized balanced taxation to fund welfare for the underprivileged and urged India Inc. to cut production costs without compromising quality while focusing on reducing imports and boosting exports.

India’s logistics cost will come down to single-digit in two years: Gadkari

YourStory

YourStory · 10m ago

India’s logistics cost will come down to single-digit in two years: Gadkari

India's Union Road Transport and Highways Minister, Nitin Gadkari, announced plans to reduce India's logistics costs to single digits within the next two years. The construction of highways and expressways will contribute to this reduction. Gadkari also expressed India's potential for exporting alternative fuels and biofuels, particularly highlighting developments in the biofuel sector, such as the use of methanol. He aims to make the Indian automobile industry the leading industry in the world. Gadkari also emphasized the use of recycled materials in road construction and the utilization of crop waste to increase farmer incomes and reduce pollution in Punjab and Haryana caused by stubble-burning.

India aims for single-digit logistics costs to compete globally

Inshorts · 5m ago

India aims for single-digit logistics costs to compete globally

The 32nd Convergence India & 10th Smart Cities India was inaugurated by Nitin Gadkari, Minister for Road Transport & Highways, Government of India. In his speech, the Minister stated, "India's economy is growing rapidly, with infrastructure development playing a key role. Our goal is to reduce logistics costs from 14-16% to single digits, making us more competitive with China and the US."

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