Union Road Transport and Highways Minister Nitin Gadkari on Monday (October 6, 2025) mentioned the prices of electrical vehicles (EVs) in India are anticipated to be on par with these of petrol-powered vehicles throughout the subsequent 4 to six months.
The Minister mentioned India’s dependence on fossil fuels is each an financial burden, as ₹22 lakh crore is spent yearly on gas imports and an environmental hazard, making clear vitality adoption essential for the nation’s progress.
“Within the next 4-6 months, the cost of electric vehicles will be equivalent to the cost of petrol vehicles,” Mr. Gadkari mentioned, whereas addressing the twentieth FICCI Higher Education Summit 2025.
Further, the Minister mentioned, “Within five years, our target is to make India’s automobile industry the number 1 in the world.”
“When I took charge as Transport Minister, the size of the Indian automobile industry was ₹14 lakh crore. The size of the Indian automobile industry now is ₹22 lakh crore,” Mr. Gadkari added.
Presently, the dimensions of the U.S. vehicle business is ₹78 lakh crore, adopted by China (₹47 lakh crore) and India (₹Rs 22 lakh crore).
Mr. Gadkari identified that farmers have earned a further ₹45,000 crore by producing ethanol from corn.
Furthermore, the Minister mentioned that “We have initiated a programme under which we aim to use the entire segregated solid waste in the country in road construction by 2027, thereby creating value from the waste.”
Highlighting the significance of larger schooling and ability improvement, the minister mentioned that a futuristic imaginative and prescient for improvement with applicable data is the necessity of the hour, and India’s energy lies in its younger, gifted and expert manpower in contrast to another nation.
“This is a big strength of India, and by using this strength, if we are successful in giving them the right education, right skills, then we can move ahead in the world,” he mentioned.
Additionally, the Minister acknowledged that larger schooling establishments also needs to give attention to together with and adopting profitable modern applied sciences in the curriculum, and sensible utility to strengthen future planning.
