Will bring new vehicles that run on ethanol: Nitin Gadkari
Speaking at an event in Nagpur on Sunday, Nitin Gadkari recalled that he recently met the chairman of Mercedes Benz company which launched an electric vehicle.
Union Road Transport and Highways Minister Nitin Gadkari has said new vehicles will be introduced that run entirely on ethanol.
Speaking at an event in Nagpur on Sunday, the minister recalled that he recently met the chairman of Mercedes Benz company which launched an electric vehicle.
"He (the chairman) told me they would make electric vehicles only in future,” Gadkari said.
“We are bringing new vehicles that will run entirely on ethanol. Bajaj, TVS and Hero scooters will run 100 per cent on ethanol," he said.
The minister said he would launch Toyota company's Camry car in August, which will run 100 per cent on ethanol and it will also generate 40 per cent electricity.
"If you compare it with petrol, it will be Rs 15 per litre of petrol because ethanol's rate is Rs 60, while the rate of petrol is Rs 120 per litre. Plus it would generate 40 per cent electricity. The average would be Rs 15 per litre,” he added.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
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?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
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
08:52 AM IST