The committee to review petrol and diesel vehicles in the Mumbai Metropolitan Region will be headed by a retired IAS officer, and shall submit its report along with recommendations within three months.
If you are living in Delhi, you cannot buy a new diesel car. The National Green Tribunal (NGT) has ordered the state government not to register any new diesel vehicles at least till January 6; that is the date the NGT will hear this pollution case again. Also, diesel vehicles which are more than 10 years old cannot ply in Delhi anymore.
Everest Kanto have been reporting losses over the past few quarters and Prem Khurana, CMD of the company blames OEMs for its low growth in the Indian market.
After the oil minister's recommendation for hiking excise duty on diesel cars, the auto index have not really looked up. CNBC-TV18's Sonia Shenoy reports, it is not only companies like Mahindra and Mahindra(M&M) who would be impacted, others like Maruti and Tata Motors are likely to be affected.
India's largest passenger car maker Maruti Suzuki is developing a sub-1litre diesel engine and the car could be unveiled by the first half of 2013, according to CNBC-TV18.
With passenger cars consuming about 15% of the diesel, the Government today indicated that it might do away with the subsidy enjoyed by such vehicle owners.