Indian Automobile Industry's  Biggest  Showcase

Budget 2019 : FM Piyush Goyal says India to lead the world in transportation sector

New Delhi, February 1, 2019 :  Finance Minister Piyush Goyal on Friday said India would lead the world in transportation sector, with electric vehicles (EVs) and energy storage devices set to play a leading role in the sector.

Presenting the Interim Budget for 2019-20 in the Lok Sabha, Goyal also said the usage of such green technologies would help the country become self reliant in terms of energy requirements.

Goyal said, "India will lead the world in transport revolution through electric vehicles and energy storage devices bringing down import dependence and ensuring energy security for our country".  When the country will not have to import fuel and gas from abroad, there will be rapid growth in sources of renewable energy, he added.

"When people will start using electric vehicles, I am sure it will save foreign currency and nation would become self reliant," the minister said.

By 2030 the electric vehicle sales in India are expected to be 30 per cent of total sales. According to Niti Aayog estimates, EV sales are expected to touch around 25.36 million units in India in 2030. However, around 59.17 million units will continue to be powered by internal combustion engines (ICEs).

sent mail

Quick Inquiry

You have reached the limit

Register Now
As a

Create An Account And Get Access To Our Ever Increasing List Of Auto Mobile Vendors According To Specific Product In The Area Of Your Own Choice.

For Vendors
Register Now To Be Seen By Thousands Of Customers Searching For Your Products In Your Area. Be Seen Without Delay

Let`s Get Started