Auto Dealers Should Also Open Vehicle Scrapping Facilities, Says Nitin Gadkari

Auto Dealers Should Also Open Vehicle Scrapping Facilities, Says Nitin Gadkari

The minister pointed out that India is the fastest growing major economy in the world and auto dealers will play an important role in making India a USD 5 trillion economy.

PTIUpdated: Thursday, September 14, 2023, 02:34 PM IST
article-image
Union minister Nitin Gadkari | PTI

Union Road Transport and Highways Minister Nitin Gadkari on Thursday said dealers of automobiles should also open vehicle scrapping facilities.

Addressing the fifth Auto Retail Conclave, Gadkari said the government is encouraging a circular economy, and accordingly the government will give permission to dealers to start vehicle scrapping facilities.

He also noted that India is encouraging use of alternate fuel and biofuel and pointed out that the government is working to make India the largest manufacturer of green hydrogen.

Role of auto dealers in the economy

The minister pointed out that India is the fastest growing major economy in the world and auto dealers will play an important role in making India a USD 5 trillion economy.

India is the fourth largest manufacturer of passenger vehicles and the sixth largest manufacturer of commercial vehicles, he said.

Gadkari said his dream is to make India the top automobile hub in the world. 

RECENT STORIES

RBI's MPC Meet Begins Amid Expectations Of Status Quo On Interest Rate

RBI's MPC Meet Begins Amid Expectations Of Status Quo On Interest Rate

Rupee Rises 5 Paise To Close at 83.32 Against US Dollar

Rupee Rises 5 Paise To Close at 83.32 Against US Dollar

Indian Banks Push For Five-Day Workweek, Submit Formalc For Holidays On Every Saturday

Indian Banks Push For Five-Day Workweek, Submit Formalc For Holidays On Every Saturday

Adani Group To Invest US Dollar 75 Billion To Scale Up AGEL's RE Portfolio To 45 GW: Gautam Adani

Adani Group To Invest US Dollar 75 Billion To Scale Up AGEL's RE Portfolio To 45 GW: Gautam Adani

Closing Bell: Indices End At Record High; Sensex At 69,653.73, Nifty At 20,937.70

Closing Bell: Indices End At Record High; Sensex At 69,653.73, Nifty At 20,937.70