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India will be top auto market in five years: Gadkari

by Blitz India Media
May 23, 2023
in Blitz india
0
Railways

Team Blitz India

MUMBAI: Betting big on the potential of green technologies and an unwavering political will to transform and multiply India’s mobility and energy infrastructure, Union minister for road transport and highways Nitin Gadkari has said the country could become the world’s largest automobile market in the next 5 years, with a likely rapid proliferation of electric cars and vehicles run on “flex-fuel” engines.

India pipped Japan to become the third largest automobile market after China and the US in 2022 with sales of 4.25 million vehicles.

Even as highway and railway projects are increasingly financed out of Budget, the minister reiterated that finances aren’t a hurdle for accelerating the pace of India’s massive infrastructure upgrade.

Gadkari, while addressing a media event here, underlined how the infrastructure policy is increasingly being linked to the agriculture sector, in a manner that would benefit all stakeholders – farmers, developers and users, reports appearing in the national media said on May 10.

Tags: Auto marketflex-fuelGadkarihighwayRailwayvehicle

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