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Economy News

News on Indian Economy and Sectors, which have impacts in the market.

India's EV market stands at third position globally with a size of Rs 22 lakh crore

06-Oct-25 17:21Hrs IST

Nitin Gadkari, Minister of Road Transport and Highways, Govt of India today while addressing the 20th edition of 'FICCI Higher Education Summit 2025', said that futuristic vision for development with appropriate knowledge is the need of the hour. India's strength lies in its young, talented and skilled manpower compared to any other nation. The Minister further stated that higher education institutions should also focus on including and adopting successful innovative technologies in curriculum, practical application to strengthen future planning. Speaking on the EVs, Gadkari stated that with adoption of new technologies in electronic vehicles, India's EV market today stands at 3rd position with a market size of Rs 22 lakh crore. I have urged all automobile companies to work in the direction of becoming number one in next 5 years and Hydrogen is the fuel for the future, he noted.

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