- 10:42 PM Are stricter rules for MF advertisements on anvil?
- 10:31 PM NSE to launch new MF service system on Nov 30
- 10:16 PM India indispensable to America's future: Barack Ob...
- 10:00 PM Subir Gokarn’s agenda:Stimulus exit not to hit eco...
- 09:16 PM Worst over for India auto companies: Anand Mahindr...
- 08:52 PM Edelweiss, Tokio Marine ink insurance JV
- 08:42 PM Aviation biz to contribute 5% to rev in 3-5 years:...
- 08:24 PM Inflow of money will not help curb inflation: Bima...
- 07:17 PM MphasiS Q4 cons net profit up 33.9% at Rs 245 cr
- 06:59 PM Immediate supports for rupee at 46.20/46.10: Commt...



Indian roads have seen many CNG and LPG launches lately. But come December, you will see a range of electric two wheelers and the government is looking at incentives for makers of green vehicles. This seems especially timely, with fuel prices rising, the government and consumers are looking at switching over to alternative fuels.
In fact, the government is planning to cut the excise duty to 8% for small cars running on fuels like CNG, LPG etc. Companies like Maruti, Hyundai, GM and Ford have already launched hybrid versions of their vehicles in India. The government says it is ready to dole out more sops to incentivise automakers and customers. Minister for Heavy Industries, Sontosh Mohan Dev told CNBC-TV18, "We'll fight out with the Finance Minister to get things done."
Even some Indian auto manufacturers have not been slow to adapt their wheels to alternative fuels. Vice President, Tata Motors, Ravi Kant says, "We already have 40 buses that run on jatropha and diesel."
While hybrids have hit Indian roads, the concept of electric vehicles is yet to catch on. According to a study done by ACNielsen, the market potential for electronic vehicles in all five lakh plus towns is above 9 lakh units. This seems to have excited global players like Electrotherm, ACE and Ultra Motor.
UK-based Ultra Motor is tying up with a two-wheeler company in India and will launch its range of ebikes and escooters by the year end. But issues like battery charging stations and supply could be speedbreakers.
DG, SIAM, Dilip Chenoy says, "We can't get on the road as issues relating to battery has to be sought. According to regulations, petrol pumps cannot serve as recharging stations so industry is toying with ideas to get arrangements in place like exchange schemes to supply batteries etc. Another issue is the weight of the battery."
So, you can buy an ebike or an escooter by shelling out anything between Rs 13,000 - Rs 30,000 but don't expect to burn up the streets, as these vehicles will have an average speed of 35km/hr and will be less than 250 watts. But that is just the beginning and more souped up versions are in the pipeline. Then there is always India's very own Reva - whose time to burn the roads is only just beginning.
Swati Khandelwal
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Mitesh Thacker's top 5 picks for trade today

- Ganeshaspeaks: Market prediction for Nov 24
- Will ITC dream run continue beyond FY10?

- Den Networks slips 22% after listing at Rs 195
- Trading in MF units to start in 15 days: SEBI

- Why LyondellBasell is a goldmine for RIL

- Experts see mkts at new highs, advise sectors

- Corrections in '10 to be more aggressive, violent: JPMorgan

- Mahindra may increase car prices due to rising input costs
Source: Business Line
- Renault to continue with M&M for Logan, says Ghosn
Source: Business Line
- Market volatility poses valuation problems: IRDA
Source: Business Line
- Punjab, Haryana buck all-India rice decline trend
Source: Business Line










