Nitin Gadkari praised local EV brands wholeheartedly!
Elon Musk's company tesla is about to enter India. Union minister nitin gadkari has answered how much impact it will have on the electric vehicles market in the country. Union Transport minister nitin gadkari is confident that local EV brands will be able to maintain their position strongly.
'We are no less than anyone'
At the Times Drive auto Summit and Awards organized by HPCL, he said, "India is an open market. Any company can come here, do manufacturing and compete in terms of cost. But our indian electric car makers are also no less than anyone. We are the best in terms of design, quality and technology." He said that this confidence is because the country's automobile industry has now changed from a cost-based sector to a quality-based industry.
india is the third largest automobile market
The Union minister also said that in the coming times, all these things will make india the top automobile industry in the world. He said, "At present, we are the world's largest automobile market with Rs 22 lakh crore. America (Rs 78 lakh crore) is at number one and china (Rs 49 lakh crore) is at number two. In the next five years, we will be number one due to increased use of alternative fuel, improved cost and quality and electrification."
Work is being done on flexi fuel future
Both the automobile industry and the government are working on flexi-fuel. nitin gadkari said, "Seven or eight companies like Tata, Mahindra, Suzuki, hyundai have already made plans to make flexi fuel, while companies like Adani, Tata, Maruti, LG, samsung have got approval to make lithium ion batteries under a special scheme."
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