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Surpassed Japan, now aim is to become no 1 in auto segment: Gadkari

Business Standard LogoBusiness Standard11h ago

Surpassed Japan, now aim is to become no 1 in auto segment: Gadkari - Business Standard

Quick Summary:

Union minister Nitin Gadkari on Thursday highlighted the growth of the country's auto sector in the past few years, during which it became the third biggest player in the segment, and said the aim is to become number one."...our number was seventh in the world but we are third in the automobile sector...we surpassed Japan and now our number is third," Union Road Transport and Highways Minister said while addressing a function at National Automotive Test Tracks (NATRAX) here.

"The size of the USA automobile sector at the top (of the table) was Rs 78 lakh crore industry size, while that of China was Rs 47 lakh crore," Gadkari said.

The size of the industry was Rs 7.5 lakh crore and today its size is Rs 22 lakh crore.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 20:28:27 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25002007

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Official Website: business-standard.com

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News Last Updated: 7 hours ago

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