central road transport And Highways Minister Nitin Gadkari, while mentioning that 4.5 crore jobs have been created in the automobile industry so far, said on Saturday that India’s automobile industry will be at the first place in the world in the next five years. Addressing a program of vehicle dealers’ body ‘FADA’ here, Gadkari said the demand for Indian vehicles is very high globally. He said, the size of the Indian automobile industry is now Rs 22 lakh crore. I am confident that within five years the Indian automobile industry will become number one in the world. Currently the size of the US automobile industry is Rs 78 lakh crore, followed by China (Rs 47 lakh crore) and India (Rs 22 lakh crore).
India’s auto industry is growing rapidly
Gadkari said that when he took charge of the Transport Ministry in 2014, the size of the automobile industry was Rs 7.5 lakh crore, which has now increased to Rs 22 lakh crore. He said at the Federation of Automobile Dealers Association (FADA) event that the automobile industry has generated 4.5 crore jobs so far, which is the highest in the country. He said, “The automobile industry is also giving maximum revenue to the state government and the Government of India as a share of GST (Goods and Services Tax). He said that 50 percent of all two-wheelers manufactured in India are exported.
hydrix
Hydrogen and EV powered vehicle showcased
Many vehicles are being seen in the Bharat Mobility Global Expo 2025. In this series, Jitendra New EV Tech has showcased Hydrix, an electric and hydrogen powered vehicle. While giving information about this vehicle, Jitendra EV co-founder Samkit Shah told India TV that the Hydrix, which runs on both hydrogen and electricity, will cover a distance of 400 kilometers in one go. The top speed of this vehicle will be 120 kilometers per hour. Great care has been taken of safety in the vehicle. A 360 degree camera has been used for this. The design has also been prepared keeping the youth in mind. Apart from Hydrix, the company also unveiled Classo, which is designed for modern urban commuting. It is a stylish and high performance electric two-wheeler. Set to launch in 2025, the Classo is powered by a 3 kW motor, which will reach a top speed of 100 km/h. The company also launched the scooter, Unique.
Latest Business News