Nitin Gadkari vows to make India the No 1 automobile industry in 5 years
Nitin Gadkari stated.
The Indian automobile industry's market size is approximately Rs22 lakh crore. China leads with Rs47 lakh crore, followed by the US at Rs78 lakh crore. Speaking at the 'Times Green Drive Conclave and Awards 2024,' the minister highlighted India's potential and growth.
India is currently the fastest-growing major economy in the world.
«Our mission and dream are to make the Indian automobile industry the world's largest within five years. This industry is crucial to the vision of Atmanirbhar Bharat,» said Gadkari.
«This sector is our top exporter, contributes the highest GST revenue to both state and central governments, and has so far generated 4.5 crore jobs. By focusing on ethanol, methanol, biodiesel, bio-LNG, electric vehicles, and hydrogen, we are investing in the fuels of the future,» he added.
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