Gadkari Confident on Auto Sector Growth

Union Minister for Roads, Highways and Transport Nitin Gadkari has expressed confidence in the future of India’s automobile industry, saying the sector will continue to grow despite external headwinds like the US tariff hikes.

Speaking to Moneycontrol, Gadkari highlighted that India’s auto exports are not limited to the US, but span multiple global markets. With just days to go before the US imposes an additional 25% penalty on Indian goods linked to Russian oil imports, Gadkari reassured that the auto sector remains strong and resilient.

Focus on Alternate Fuels & EVs

Gadkari pointed out India’s rapid progress in alternate fuels and electric mobility, saying, “I am confident that with ethanol, methanol, biodiesel, and biofuels, we will be the number one automobile market in the world.”

He added that Tata Motors and Mahindra & Mahindra are already making high-quality electric vehicles, which positions India strongly even as global players like Tesla look to enter the market.

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Market Insights

Analysts believe Gadkari’s remarks reflect the government’s confidence in domestic automakers at a time when tariff pressures and global trade tensions could unsettle investor sentiment. With EV adoption accelerating in India, companies like Tata and M&M may maintain a competitive edge against foreign entrants.

Market Update & Key Insights

• US tariff impact: Existing 25% duty + upcoming 25% penalty = 50% total duty on Indian goods.

• Auto sector outlook: Strong growth expected due to EV push and export diversification.

• Key players: Tata Motors, Mahindra & Mahindra leading India’s EV story.

• Future vision: India targeting leadership in green mobility and global auto exports.

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