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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.

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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.

No diesel, petrol cars in India soon? Here's what Nitin Gadkari proposes for greener economy

Money Control

Money Control · 1y ago

No diesel, petrol cars in India soon? Here's what Nitin Gadkari proposes for greener economy

Indian Union Minister for Road Transport and Highways, Nitin Gadkari, has revealed his vision to make India a greener economy by ending the import of fuel and promoting the use of biofuels. Gadkari proposes slashing the Goods and Services Tax (GST) on hybrid vehicles and aims to rid the country of over 360 million petrol and diesel vehicles. He believes that by using biofuels and alternative fuels, India can become self-reliant and prosperous while reducing its dependence on fossil fuels. Auto companies like Bajaj, TVS, and Hero are also exploring the production of motorcycles and auto-rickshaws using flex engines. Environmental activists have welcomed Gadkari's vision but urge the need for renewable energy alongside electric vehicles to tackle the climate crisis.

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.

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.

Govt aims to make Indian auto industry world's No. 1: Gadkari

YourStory

YourStory · 28d ago

Govt aims to make Indian auto industry world's No. 1: Gadkari

Union Minister Nitin Gadkari aims to make India's automobile industry the world's largest, highlighting its growth to Rs 22 lakh crore and its creation of 4.5 crore jobs, the highest in the country. Speaking in New Delhi, Gadkari noted that the industry contributes significantly to the economy and GST revenue but also emphasized the need to address pollution challenges by developing greener fuels, and diversifying agriculture towards energy and power.

Vehicle Scrapping Policy may reduce auto component prices by 30%: Gadkari

YourStory

YourStory · 5m ago

Vehicle Scrapping Policy may reduce auto component prices by 30%: Gadkari

Union Minister Nitin Gadkari highlighted that the Vehicle Scrapping Policy could decrease auto component prices by 30%, benefitting consumers through reduced vehicle costs. Speaking at the Times Drive Auto Awards 2025, he noted the government's efforts to enhance charging infrastructure, boosting EV demand. The reduction in input material costs further supports EV adoption. India is advancing in lithium-ion battery production, supported by discoveries in Jammu and Kashmir, contributing to the country's growing automobile industry.

Ola Electric's issues concern taxpayers, Gadkari should intervene: Congress

Inshorts · 10m ago

Ola Electric's issues concern taxpayers, Gadkari should intervene: Congress

Kerala Congress asked Union Minister of Road Transport Nitin Gadkari to intervene after several customers complained about issues with Ola Electric scooters. "The reported quality issues...concern every tax payer of this country," it said. "We've been giving huge subsidies to these companies...This is also a serious brand image issue for our country," it added.

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 to consider additional 10% tax on diesel engine vehicles

Reuters · 1y ago

India to consider additional 10% tax on diesel engine vehicles

India's Road Transport Minister, Nitin Gadkari, has proposed an additional 10% tax on diesel vehicles to reduce fuel emissions and pollution. He warned automakers of even higher levies if they don't transition away from diesel. Currently, India imposes a 28% tax on diesel vehicles with additional "cess" based on engine capacity. Gadkari's comments sparked discussion among auto executives, with some describing it as a "bombshell." Pollution is a growing concern in India, and the government has been promoting electric vehicles (EVs) with tax incentives.

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.

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