TL;DR
Union Minister Nitin Gadkari stated on November 4, 2025, that EV prices in India are expected to match petrol vehicle prices within 4-6 months due to falling battery costs.
Union Road Transport and Highways Minister Nitin Gadkari announced that electric vehicle (EV) prices in India are expected to align with those of petrol-powered vehicles within the next four to six months. This projection, made on November 4, 2025, at the 20th FICCI Higher Education Summit, highlights the significant progress in reducing battery costs and aims to mitigate India's substantial annual fuel import bill of Rs 22 lakh crore.
Gadkari emphasized a sharp decline in battery costs, noting a reduction from $150 to $55-$65 per kilowatt-hour. This cost reduction is a crucial factor in making EVs more accessible and competitive in the Indian market. The minister also stressed the importance of developing clean energy equipment, including electric tractors and engines capable of running on alternative fuels like ethanol, CNG, or isobutanol, to further reduce reliance on diesel imports and combat pollution.
Furthermore, Gadkari reiterated the government's ambitious goal to position India's automobile industry as the world's number one within the next five years. He highlighted the industry's growth, which has expanded from Rs 14 lakh crore to Rs 22 lakh crore during his tenure as transport minister. This vision underscores a broader strategy to foster sustainable and affordable mobility solutions, leveraging India's young and skilled workforce.
