Union Road Transport and Highways Minister Nitin Gadkari on Tuesday said the National Automobile Scrappage Policy will accelerate economic growth and boost employment generation in the country.

Gadkari further said the launch of the vehicles scrappage policy is a win-win situation for both the Centre and states, as they will be earning up to 40,000 crore in goods and services tax (GST).

“The launch of the National Automobile Scrappage Policy by the prime minister was a ‘historic decision’… It will accelerate economic growth and boost employment generation in the country,” he said in a press conference.

Gadkari pointed out that the automobile sector provides direct and indirect employment to 75 lakh persons.

He said that in the near future, electric vehicles will be cheaper than petrol and diesel ones.

“I am going to launch electric tractors next month,” the…

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