India aims to become global hub for vehicle manufacturing in next five year

New Delhi: Nitin Gadkari, the Union Minister for Road Transport and Micro, Small and Medium industry, said that goal has been set to make India the global hub for vehicle manufacturing, in the next five years and the government is working in that direction. Gadkari said that the policy to encourage the vehicle manufacturing industry has already been prepared.

Union Minister Gadkari was speaking at the ‘Electric Mobile Conference-2020’ organised by FICCI, the apex body of the Indian industry. Gadkari said ‘India has the potential of becoming the biggest market for Electric Vehicles (EV). Therefore, the future of this industry is bright. The government is providing incentives for this sector. The government is making efforts to promote the use of Electric Vehicles’.

The industry should focus on reducing the prices of the EVs. While expressing confidence that the sales of EVs will increase if the costs come down, he said that even the industry would be benefited. But Gadkari underlined that the quality of the vehicles should not be compromised.

If the manufacturing of the vehicles could be maximised in India, the expanding vehicle markets can be reached. Gadkari expressed confidence that this will increase employment and export opportunities will also increase.

E-Mobility is the future and it will also reduce environmental damage. The import of Oil and air pollution are the primary challenges faced by India. Saying that these challenges will be eased with E-Mobility, Gadkari appealed to FICCI and other concerned to make joint efforts for the development of the E-Vehicle sector.