According to Gadkari, the auto industry should conduct need-based research to assist the poor.

Nitin Gadkari, Minister of Road Transport and Highways, has stated that the car sector should conduct need-based research to address challenges such as fuel and engineering. He went on to say that by taking this strategy, the industry can benefit the underprivileged. He added this technique will also help comprehend the country's requirements while speaking at the Society of Automotive Engineers India's silver jubilee celebration programme in Pune.

It would also assist the country in becoming self-sufficient while focusing on quality, according to the minister. Gadkari said at the meeting that the auto industry should solve challenges ranging from fuel to engineering through need-based research and an awareness of the country's needs. He emphasised that the automobile industry is one of the country's largest strengths, with a turnover of 7.5 lakh crore, exports of 3.5 lakh crore, a GDP contribution of 7.1%, manufacturing GDP of 49%, and over 4.5 crore people employed.

Furthermore, the minister predicted that by the end of 2025, the country's car sector will be the world's top manufacturing hub, exporting to every country on the planet. He went on to say that by 2025, the vehicle industry will have grown to $15 billion in revenue and will be able to create 2.5-3 million new jobs. Gadkari stated that the Vehicles Scrappage Policy 2021 will assist reduce the cost of the vehicle sector by about 30%. We will be successful in decreasing the cost by 30% because of the Scrappage Policy, he stated.

You might also like