Nitin Gadkari: No Ban on Petrol and Diesel Vehicles

Nitin Gadkari: No Ban On Petrol And Diesel Cars

Nitin Gadkari: No Ban On Petrol And Diesel Cars

Today, Minister of Road Transport and Highways – Nitin Gadkari said – the automotive industry in India is worth 4 lakh Cr, should start inclining towards the cleaner and greener means of fuels. 

However, in order to control pollution and oil imports of approximately 7 lakh Cr, it remains a concern for the state. He further added a clarification for the automotive sector – the government does not plan on banning petrol and diesel powered cars.

He is planning to create a list of recommendations to the Finance Ministry. Considering the slump in the sector and an expected increase in cost with implementation of BS-VI emission norms, I will give my recommendations to Finance Minister, said Gadkari addressing the audience at SIAM conference.

The minister further iterated – a proposition to make significant tax relaxations for hybrid vehicles is under discussion. Also, the government had already reduced GST on EMVs (new figure being – 5%). 

This is definitely good news!

Keep reading for further updates.