Auto industry should go for need-based research to help the poor: Gadkari


PTI, Jun 19, 2022, 9:52 AM IST

credit: PTI/ file

Mumbai: Union Minister Nitin Gadkari on Saturday said the auto industry should go for need-based research to address various issues in the sector from fuel to engineering.

While addressing the silver jubilee celebration program of the Society of Automotive Engineers India (SAEINDIA) in Pune, the Road Transport Minister said there is a need for the auto industry to go for need-based research that will help the poor.

”You (auto industry) should address issues from fuel to engineering — need-based research with an understanding of the country’s requirements,” the minister said.

He said, the automobile industry should always have a vision that will help the country in becoming self-reliant and the emphasis on quality should be a priority.

The automobile industry is one of the biggest strengths of the country with a turnover of Rs 7.5 lakh crore, exports of Rs 3.5 lakh crore, a GDP contribution of 7.1 percent, manufacturing GDP of 49 percent, and providing jobs to over 4.5 crore people, he said.

”I believe that before the end of 2025, our automobile sector will become the world’s number one manufacturing hub and we will be exporting to the entire world,” the minister said.

Gadkari said, the Vehicles Scrappage Policy 2021 will help in reducing the cost by nearly 30 percent in the automobile industry. ”Because of the Scrappage Policy we will be successful in reducing the cost by 30 percent,” he said.

The sector, by the end of 2025, will become a Rs 15-lakh-crore sector creating 2.5-3 crore new job opportunities, the minister added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Rajasthan-based Youtuber held for threatening to kill Salman Khan gets bail

Karnataka to remain driving force behind India’s GCC Industry: IT Minister Priyank Kharge

Heavy rainfall in DK, Udupi; DC declares holiday for schools, PU colleges on July 16

Geetha Tonse Pai of the Manipal Pai family passes away

No ‘good news’, for now enjoy ‘Bad Newz’: Vicky Kaushal on Katrina Kaif’s pregnancy rumours

Senior MLA Suresh Babu replaces Kumaraswamy as JD(S) leader in Karnataka Assembly

AI cameras installed in K’taka Assembly to record arrival, exit time of MLAs, duration of presence

Related Articles More

Auto component industry to see moderate growth this fiscal: ICRA

‘Cutting Emissions’: UP govt announces tax sops for Hybrid Vehicles

Tata Motors, Mahindra cut SUV prices to boost demand

Delhi transport minister directs strict action against car dealers over delay in giving RCs

BMW India posts record sales at 7,098 units in Jan-Jun

MUST WATCH

Dr. Rajkumar

Poisoning – Prevention

Mulbagal Dosa Vasavi Food Point

Donald Trump

Elephant attack


Latest Additions

Uproar in both houses of Karnataka legislature over Valmiki Corporation scam

Rajasthan-based Youtuber held for threatening to kill Salman Khan gets bail

Swati Maliwal assault : Delhi Police likely to file charge sheet on Tuesday

Karnataka to remain driving force behind India’s GCC Industry: IT Minister Priyank Kharge

TN CM condemns Karnataka over ‘non-release’ of Cauvery water, convenes all-party meet

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.