Union Road Transport and Highways Minister Nitin Gadkari stated that the cost of electric vehicles in India will match that of petrol-powered automobiles over the next four to six months. During the 20th FICCI Higher Education Summit 2025, the minister emphasised that the move would reduce India’s rising fuel import cost, which now stands at ₹22 lakh crore annually.
Gadkari stated that the automobile industry has grown from ₹14 lakh crore to ₹22 lakh crore under his leadership. He further added that India’s auto sector is expected to be worth ₹47 lakh crore in China and ₹78 lakh crore in the US. According to him, India is committed to expanding its economy while also embracing environmentally responsible practices.
The minister highlighted the progress in ethanol production, stating that farmers have earned over ₹45,000 crore by manufacturing ethanol from corn. He also announced a plan to use segregated solid waste for road construction by 2027, which he claims will create sustainable infrastructure alternatives. Additionally, he emphasised that India’s young people, armed with new skills, will play a critical role in fostering prosperity and innovation.
