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Under the scrappage policy, old vehicles will have to pass a fitness test before re-registration and, as per the policy, government commercial vehicles more than 15 years old and private vehicles which are over 20 years old will be scrapped.

While EVs will of course take the lead in achieving bigger market share in the green energy vehicle segment, Flex fuel and hydrogen powered vehicles too will contribute considerably in achieving this feat.

"Amrit Kaal is an opportunity to achieve self sufficiency in every sector and the automobile sector is no exception", PM Modi said.

New Ford Mustang features an evolutionary design, an all-new cabin and updated engines.

The Super SUV segment has a new member in the form of the Ferrari Purosangue, and it takes the fight straight to Lamborghini Urus and the Aston Martin DBX.

Speaking about a new research centre for auto components, Gadkari said that ACMA should open a facility where testing and research of international standards can be conducted in India.

Suzuki Motor Corporation's new Lithium battery plant coming up in Gujarat and Vedanta along with Foxconn setting up a 1000-acre semiconductor plant in the same state is expected to widen the scope in the auto component industry.

Taiwanese battery maker ProLogium Technology Co has shortlisted four European countries - France, Germany, Poland and the United Kingdom - for an $8 billion solid-state lithium battery plant, consulting firm Accuracy said.