Union Minister for Road Transport & Highways and Micro, Small and Medium Enterprises (MSMEs), Nitin Gadkari has asserted that the country would become a manufacturing hub for electric vehicles (EVs) in the next five years. The minister said the Central Government was trying to extend best possible concessions to this sector, including lowering the GST on electrical vehicles to 12 per cent.
Addressing a webinar on ‘India’s Electric Vehicle Roadmap post-COVID-19’ on Thursday, Gadkari said that he was aware of the issues facing the EV sector, but was also confident of the things to change as the sales volumes increased.
He also said that with the world no longer interested in doing business with China it was a very good opportunity for the Indian industry to attract companies here.
Gadkari said, with petroleum fuel being available in limited quantity, the world had to look for alternate and cheaper fuel sources. He said electric and bio fuels stood a good chance for adoption. Talking about the ensuing vehicle scrapping policy he commented that it would give a fillip to the auto manufacturing sector.
The minister recalled the London model of public transport, where private and public investment was working well. He urged for the adoption of a similar approach here for the benefit of both the poor commuters and the civic administration. He indicated towards working on a pilot project for developing an electric highway on the upcoming Delhi-Mumbai Green Corridor.
Expressing his confidence in the capabilities of the Indian auto sector, Gadkari said that consistency and self-confidence in this economic crisis can help gather good market opportunities. He also called upon the industry to go in for indigenisation and support Prime Minister’s Aatmanirbhar Bharat Abhiyan.