EV Prices Likely to Match Petrol Vehicles in 4–6 Months: Nitin Gadkari Shares Auto Sector Roadmap

Union Road Transport and Highways Minister Nitin Gadkari said on Monday that electric vehicle prices in India are expected to align with petrol vehicle prices within four to six months.

Speaking at the 20th FICCI Higher Education Summit 2025, Gadkari linked the expected price shift to economic and environmental considerations, noting that India’s annual fuel import bill stands at ₹22 lakh crore, as per news reports.

Auto Sector Growth Plans

Gadkari outlined the government’s plan to expand India’s automobile sector over the next five years. He noted that when he assumed office, the sector’s size was ₹14 lakh crore, which has grown to ₹22 lakh crore.

He also referred to the current global industry landscape, with the US auto sector valued at ₹78 lakh crore, followed by China at ₹47 lakh crore and India at ₹22 lakh crore.

The minister said the government is focusing on measures to support continued expansion of the domestic auto industry, including the transition to cleaner technologies.

Energy and Infrastructure Initiatives

Gadkari discussed ongoing ethanol production efforts, stating that farmers have earned approximately ₹45,000 crore from producing ethanol using corn.

He also announced a programme to use segregated solid waste for road construction by 2027, which aims to create alternative uses for waste materials in infrastructure.

Addressing criticism of the E20 ethanol blending programme, he described it as politically motivated and said the initiative would continue as planned.

Role of Education and Skills

Gadkari highlighted the role of India’s young population in supporting economic growth. He said that appropriate education and skill development are essential to strengthen future workforce participation.

He urged higher education institutions to include practical and innovative technologies in their curricula, so that students are prepared for emerging opportunities in various sectors.

Read More: 2-Wheeler EVs and Warranty Economics: Discover How Much Revenue Goes to Warranties.

Conclusion

The minister’s remarks indicate a policy direction focused on cost competitiveness of EVs, sectoral expansion, and integration of sustainable practices. The initiatives in energy, waste utilisation, and skill development are positioned as complementary steps to support the auto industry’s next phase of growth.

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