{
  "id": 3760238,
  "title": "India's EV market to reach Rs 20 lakh Cr by 2030: Nitin Gadkari",
  "url": "https://urgent.news/2026/08/27/indias-ev-market-to-reach-rs-20-lakh-cr-by-2030-nitin-gadkari",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T13:12:34.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/08/indias-ev-market-to-reach-rs-20-lakh-cr-by-2030-nitin-gadkari"
  },
  "original_language": "en",
  "account": "India's electric vehicle (EV) market is projected to reach Rs 20 lakh crore by 2030, according to Union Minister Nitin Gadkari. The minister explained that there are currently 57 lakh registered electric vehicles in India, with a 7% market penetration. By 2030, the EV market will generate five crore jobs. Bajaj Auto and Hero MotoCorp are India's two largest two-wheeler manufacturers, exporting more than 50% of their vehicles. India demands one lakh electric buses annually, however, only 50,000-60,000 are produced. The government aims to make India's automobile industry the world's leading one within five years. Gadkari highlighted that India's automobile industry is currently worth Rs 22 lakh crore, up from Rs 14 lakh crore when he assumed his role as transport minister. The country has a trained workforce and produces high-quality vehicles at affordable prices, attracting top automobile companies. India spends Rs 22 lakh crore importing fossil fuels, leading to pollution issues. The minister emphasized that good highways, alternative energy sources, and bio-fuels are the future.",
  "summary": "India currently has 57 lakh electric vehicles registered and this represents 7% market penetration.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}