industry

Won't ban petrol and diesel vehicles, alternate technologies should co-exist: Nitin Gadkari


New Delhi: The government is batting for alternate technologies to co-exist for transition towards cleaner mobility, arguing that the investments made in the auto, oil industries may turn into NPAs if a decision to phase out ICE-vehicles is imposed on the industry.

Transport minister Nitin Gadkari said that we should allow alternate technologies to come in and it should depend on people to choose from them.

“The government is fully supporting automobile industry and that is why I said that we are not giving any instruction to ban petrol vehicles,” Gadkari said at the Mindmine summit organised by the Hero group here on Friday.

Policymakers should analyse before they jump to a decision for EVs, said VK Saraswat, Member, Niti Aayog. “I am afraid the automakers have invested around Rs 70,000 crores for transition to BS VI fuel norms. What will happen to all this (if a deadline is imposed)? Will it turn into NPAs?,” Saraswat said.

Interestingly, Niti Aayog, the government’s policy think tank, in June had set a deadline for phasing out of petrol and diesel run 2 wheelers and 3 wheelers by 2023 and 2025, in a bid to promote electric vehicles in the country.

“I am happy that the minister said his ministry will take decision on vehicle technology and not Niti Aayog,” Saraswat added.

Saraswat said that the government must analyse before jumping to decisions on electric vehicles, adding that the government must look at Indigenisation of e-mobility components.

“I am afraid that refineries have invested 30, 000 crores. Manufactures have invested 70, 000 crores in transitioning to BS VI norms. What will happen to all this? Will this turn into NPAs? Saraswat said.





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