India Surges To Third In Auto Industry; Nitin Gadkari Highlights Alternative Fuel Potential

Road and Highways Minister Nitin Gadkari recently highlighted significant progress in India’s automotive industry, particularly in the context of alternative and biofuels. He noted that India’s automotive industry, which had an investment size of ₹7.5 trillion, has surged to ₹2 trillion in just 3-4 months, surpassing Japan to become the third largest globally. The U.S. leads with an investment of ₹7.8 trillion, followed by China at ₹4.5 trillion. Gadkari emphasized the industry's crucial role, contributing substantially to GST revenues for both central and state governments. The sector has created approximately 45 million jobs and boasts a strong export presence, with manufacturers like Bajaj, TVS, and Hero Honda exporting 50% of their two-wheeler production. He stressed that using alternative fuels, such as biofuels, is key to achieving the goal of becoming the global leader. Gadkari acknowledged the challenges posed by India’s high dependence on crude oil and gas but affirmed that integrating various alternative fuels, including methanol, bio-CNG, and electric options, will pave the way for a more sustainable future.