The automotive industry should go for needs-based research to help the poor, says Nitin Gadkari

Union Minister Nitin Gadkari said on Saturday that the car industry should go after needs-based research to address various issues in the sector from fuel to engineering.

Speaking on the silver anniversary celebration of the Society of Automotive Engineers India (SAEINDIA) in Pune, the Minister of Road Transport said there is a need for the automotive industry to go after needs-based research that will help the poor.

“You (the car industry) should address issues from fuel to technology – needs-based research with an understanding of the country’s requirements,” the minister said.

He said the car industry should always have a vision that will help the country become self-sufficient and the emphasis on quality should be a priority.

The automotive industry is one of the country’s largest strengths 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 provides jobs for over 4.5 crore people, he said.

“I believe that by the end of 2025, our car sector will be the world’s largest production hub and we will export to the whole world,” the minister said.

Gadkari said Vehicles Scrappage Policy 2021 will help reduce costs by nearly 30 percent in the automotive industry. “Because of the scrapping policy, we will be successful in reducing costs by 30 percent,” he said.

By the end of 2025, the sector will be a sector of 15 lakh-crore Rs and create 2.5-3 crore new job opportunities, the minister added.

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