In next 5 years India to be world's largest automobile market: Gadkari

06 Jun 2023 CW Team

Nitin Gadkari, the Union Minister for Road Transport and Highways, expressed strong confidence that India will claim the top spot as the world's largest automobile market within the next five years under the leadership of Prime Minister Narendra Modi. Speaking at an event in Vapi, Gujarat, where he inaugurated the 'Rajju Shroff ROFEL University' campus, Gadkari highlighted the current state of the Indian automobile industry. He stated that the industry's size presently stands at Rs 7.5 trillion and has already generated 450 million jobs, making significant contributions to the Central and state governments through Goods and Services Tax (GST) payments.

India has made notable progress in the global automobile market rankings, surpassing Japan to become the third-largest market the US, and China. Gadkari expressed his belief that, with Prime Minister Modi's leadership, India will secure the first position within five years, elevating the industry's size to Rs 15 trillion.

Furthermore, Gadkari emphasised India's potential to become the world's leading economy due to its abundance of qualified manpower and available raw materials. He envisioned India as a super economic power, aided by futuristic technology and leveraging its large engineering workforce and resources. He also highlighted the aim of transforming India into an energy-exporting country by embracing green hydrogen and ammonia as future fuels, thereby reducing the country's heavy reliance on fossil fuel imports, which currently amount to Rs 16 trillion annually.

The Indian automobile industry's projected growth, coupled with the government's focus on infrastructure development and sustainable energy, reinforces India's position as an emerging global player in various sectors. With ambitious goals and strategic initiatives, India is poised to shape its future as a leading economic powerhouse.

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..