186
/ 2
Min Read
As India’s electric vehicle (EV) market continues to grow rapidly, discussions around Tesla’s much-anticipated entry have intensified. However, Union Minister for Road Transport and Highways, Nitin Gadkari, believes that Indian EV manufacturers are fully capable of competing with global brands.
Speaking at an event, Gadkari said, “India is an open market where anyone can come, manufacture, and compete on cost. But our Indian companies are no less. In terms of design, quality, and technology, we stand among the best in the world.” He further stated that India's automobile industry has transitioned from a cost-based sector to a quality-driven industry, which will soon make the country the world’s largest automobile market.
Currently, India ranks third in the global automobile market with a valuation of ₹22 lakh crore, following the United States (₹78 lakh crore) and China (₹49 lakh crore). Gadkari expressed confidence that within the next five years, alternative fuels, reduced costs, improved quality, and electrification will propel India to the top spot.
The Indian government and the auto industry are already working towards a flex-fuel and EV-powered future. Leading companies such as Tata, Mahindra, Suzuki, and Hyundai are preparing to launch flex-fuel vehicles, while Adani, Tata, Maruti, LG, and Samsung have received approval under a special government scheme to manufacture lithium-ion batteries. Gadkari also highlighted that battery costs have dropped to $100 per kWh, and within six to seven months, EVs will be priced on par with petrol and diesel vehicles. Additionally, NHAI is setting up 670 roadside facilities with EV charging stations across the country, further supporting the adoption of electric mobility in India.
