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Expansion● Neutral for Indian equities
Nitin Gadkari says flex-fuel engines capable of running on 100% ethanol are being developed; vehicles using the technology will be introduced as India pushes alternative fuels
The brief
- Nitin Gadkari says 100% ethanol-capable flex-fuel engines are being developed for vehicles in India
- India imports petroleum worth around Rs 22 lakh crore, Gadkari said
- Ethanol adoption could benefit Indian sugar producers and auto-engine makers, while challenging fuel demand