This auto sector gets a major relief, Petrol and diesel vehicles to be continued!
Since the beginning of this year, the Indian auto sector has been suffering from sluggishness. In Modi 2.0, Minister of Road and Transport Nitin Gadkari has made a big statement. Gadkari said the Transport Ministry is not going to ban petrol and diesel trains in any way. In fact, the Modi government's ThinkÂ Tank Policy Commission (Niti Aayog) has made several suggestions on banning petrol and diesel vehicles, bypassing which Nitin Gadkari made the statement. Let us know the full details
In his statement, Nitin Gadkari also assured that the auto industry will see an improvement soon. Gadkari said that the industry is not going to be disappointed as the government is going to take a major step in the coming days and they Won't ban vehicles running with petrol and diesel.
According to media reports, the Modi government led by PM Narendra Modi is continuously promoting electric vehicles. Recently, the GST Council has reduced GST rates on electric vehicles and electric chargers from 12% to 5%. This is great good news for all those who are thinking of buying electric vehicles.
In fact, the fall in GST rates has made prices from e-rickshaws to electric cars and bikes cheaper. In fact, the NITI Aayog aims to convert all three-wheelers into electric vehicles by 2023. Also, by 2025, a bike or scooter with less than 150cc is to be converted into an electric vehicle.