Gadkari also said that the government would support the auto industry if it would like to import scrap from overseas.
File photo of Union Minister Nitin Gadkari.
Union road transport minister Nitin Gadkari said he had requested the finance ministry to support the automobile industry for undertaking research and development of new technologies. He also expressed confidence that India could become the global hub for exports and manufacturing of electric vehicles. Speaking at the inauguration of the biennial Auto Expo here, the minister said the vehicle scrappage policy is in final stages.
“A few days ago, I was at the launch of two electric vehicles, The products were so good that my belief is that in the coming days, we will become number one in manufacturing and exports of electric vehicles, be it two-wheeler, cars or buses,” Gadkari said. Regarding auto industry’s demand for reduction in GST levied on automobiles, he said, “on electric vehicles, the finance minister has reduced GST drastically”. “So, it is my belief now that research is very important in the coming days. It is very important because innovation, entrepreneurship, science and technology and skill is knowledge, and conversion of knowledge into wealth is future for the country,” he noted.