Aim to become no. 1 country in auto segment: Nitin Gadkari – ET Auto

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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 INR 78 lakh crore industry size, while that of China was INR 47 lakh crore,” Gadkari said.

“When I took charge of the minister. The size of the industry was INR 7.5 lakh crore and today its size is INR 22 lakh crore. And this is the industry, which has created 4.5 crore jobs till now — the highest in the country.

“This is the automobile industry, which is giving maximum revenue as a part of GST to the state government and Bharat Sarkar,” he added.

The industry has maximum exports, Gadkari said, adding that “our dream is to make the Indian automobile industry number one in the world”.“,”next_sibling”:[{“msid”:117116010,”title”:”Aiming to promote manufacturing hub in Hyderabad: CM”,”entity_type”:”ARTICLE”,”link”:”/news/industry/aiming-to-promote-manufacturing-hub-in-hyderabad-cm/117116010″,”link_next_mobile”:”/news/industry/aiming-to-promote-manufacturing-hub-in-hyderabad-cm/117116010?next=1″,”category_name”:null,”category_name_seo”:”industry”}],”related_content”:[],”seoschemas”:false,”social_share”:{“fb”:”/news/industry/aim-to-become-no-1-country-in-auto-segment-nitin-gadkari/117117542?utm_source=facebook&utm_medium={{DEVICE_TYPE}}”,”x”:”/news/industry/aim-to-become-no-1-country-in-auto-segment-nitin-gadkari/117117542?utm_source=twitter&utm_medium={{DEVICE_TYPE}}”,”whatsapp”:”/news/industry/aim-to-become-no-1-country-in-auto-segment-nitin-gadkari/117117542?utm_source=wapp&utm_medium={{DEVICE_TYPE}}”,”linkdin”:”/news/industry/aim-to-become-no-1-country-in-auto-segment-nitin-gadkari/117117542?utm_source=linkedin&utm_medium={{DEVICE_TYPE}}”,”telegram”:”/news/industry/aim-to-become-no-1-country-in-auto-segment-nitin-gadkari/117117542?utm_source=telegram&utm_medium={{DEVICE_TYPE}}”,”copy”:”/news/industry/aim-to-become-no-1-country-in-auto-segment-nitin-gadkari/117117542?utm_source=copy&utm_medium={{DEVICE_TYPE}}”},”cat_msid”:25384693,”cat_sub_msid”:false,”msid”:117117542,”entity_type”:”ARTICLE”,”title”:”Aim to become no. 1 country in auto segment: Nitin Gadkari”,”synopsis”:”Union minister Nitin Gadkari emphasized the remarkable growth of India’s auto sector, which has now become the third largest globally, surpassing Japan. The sector, valued at INR 22 lakh crore, significantly contributes to job creation and GST revenue. Gadkari aims to make it the world’s largest auto industry.”,”titleseo”:”industry/aim-to-become-no-1-country-in-auto-segment-nitin-gadkari”,”status”:”ACTIVE”,”authors”:[],”Alttitle”:{“minfo”:””},”artag”:”PTI”,”artdate”:”2025-01-10 15:51:29″,”lastupd”:”2025-01-10 16:43:05″,”breadcrumbTags”:[“Nitin Gadkari”,”Indian automobile industry”,”auto sector growth”,”automobile exports”,”NATRAX”],”secinfo”:{“seolocation”:”industry/aim-to-become-no-1-country-in-auto-segment-nitin-gadkari”}}” data-authors=”[” data-author-list data-category-name=”Industry” data-category_id=”23″ data-cat_msid=”25384693″ data-date=”2025-01-10″ data-index=”article_1″ data-keywords=”Nitin Gadkari, Indian automobile industry, auto sector growth, automobile exports, NATRAX” data-type=”news”>