During the CNBC-TV18 India Business Leaders Awards in Mumbai, Union Minister Nitin Gadkari shared his vision for India to become the leading country in the world in alternate fuel and biofuel within the next 10 years. Gadkari emphasized the importance of green hydrogen in achieving this goal, discussing the use of electrolyzer processes and biotechnology to generate biofuels from biomass and municipal waste. He highlighted the shift towards electric vehicles (EVs) in India and the decreasing operating costs compared to traditional fuel-based vehicles, leading to a significant rise in EV sales. Gadkari mentioned the declining costs of lithium-ion batteries for EVs and the cost savings associated with EV usage. Indian automakers like Tata Motors, Mahindra, Hyundai, and Toyota are already embracing sustainable solutions through flex engines, with Bajaj Auto launching a CNG motorcycle as part of the country's sustainable fuel initiatives. Gadkari also expressed confidence in the competitiveness of India's automobile industry, especially with the implementation of the scrappage policy that aims to reduce component costs by 30% and promote cost-effective, pollution-free indigenous solutions.