Scrapping 97 lakh vehicles could yield Rs 40,000 crore GST: Nitin Gadkari’s bold pitch to auto sector

[thetechfreak]

Source- *www.moneycontrol.com/news/economy/...ri-s-big-pitch-to-auto-industry-13544066.html

Union minister Nitin Gadkari on Friday made a sweeping pitch to the automobile industry: India could unlock Rs 40,000 crore in Goods and Services Tax (GST) if all of the country’s 97 lakh unfit and polluting vehicles were scrapped. Speaking at the ACMA Annual Session 2025, as per the PTI report, Gadkari said that the massive cleanup drive would not just boost government revenues but also create 70 lakh jobs and strengthen India’s push to become the world’s number one automobile industry within five years.

He also earlier said India would have better highways than USA by 2024