Centre has issued advisory to carmakers to introduce flex-fuel engines in vehicles: Nitin Gadkari
Union Minister Nitin Gadkari on Thursday said the government has issued an advisory to carmakers to introduce flexible-fuel engines in vehicles.
Union Minister Nitin Gadkari on Thursday said the government has issued an advisory to carmakers to introduce flexible-fuel engines in vehicles.
Addressing an event, Gadkari also said the government is working to encourage the use of green and alternative fuels.
"Yesterday, I signed a file on flex-fuel engines (to advise carmakers to manufacture flex-fuel engines). We have given them (carmakers) six months (to introduce flex-fuel engines in vehicles that can run on more than one fuel)," he said.
Flex-fuel, or flexible fuel, is an alternative fuel made of a combination of gasoline and methanol or ethanol.
The road transport and highways minister said companies like TVS Motors and Bajaj Auto have already started producing flex-fuel engines for their two- and three-wheelers.
"Soon, four-wheeler vehicles will run on 100 per cent ethanol. So, we won't need petrol... And, the use of green fuel will save our money," Gadkari said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
05:02 PM IST