On the electric mobility front, India continues to push for increased EV adoption. The Prime Minister’s E-drive scheme, with an outlay of Rs 109 billion, underscores this commitment
Hybrid technology, too, is being positioned as a transitional solution. Stakeholders suggest lowering the GST on hybrid vehicles, currently taxed at 28 percent, to make them a viable alternative
The statrtup, which has rolled out the service in Delhi, NCR, Bengaluru, and Hyderabad said that it offers a "lowest price guarantee" and a “zero commission” model for its drivers, which differentiates it from the offerings currently in the market. .
Another possible factor that is hurting entry-level segment sales is the preference for utility vehicles.
Speaking on the growth of four wheelers, he stated that Tata Motors outperformed the overall pack in the CV segment whilst the numbers for Ashok Leyland were in line with the overall pack.
The report of the committee headed by former Oil Secretary Tarun Kapoor also suggested phasing out motorcycles, scooters, and three-wheelers with internal combustion engines by 2035.
Looking at the comfort and easy mobility in city life, the sale of two-wheelers is the highest, while the sale of four-wheelers is the lowest
Analysts expect margin pressure to continue
According to the vehicle registration data, total 27,278 new vehicles were registered in April and May this year at 50 Regional Transport Offices (RTOs) of Maharashtra.
Suggesting a smooth roll-out, joint secretary for transport hinted at pushing EVs through high mileage vehicles, manufacturing more of electric two-wheelers and then gradually shifting towards four-wheelers
The Indian government has decided to head straight for Bharat Stage (BS)-VI emission norms for automobiles from the current BS-III and BS-IV standards, said Nitin Gadkari, Minister of Road Transport and Highways of India in an interview to CNBC TV-18 today.
Analysts expect four-wheeler sales to continue to be steady, with uptick in both passenger and commercial vehicles seen. But the rural slowdown is expected to take a toll on two-wheelers.
Bertrand D'souza, deputy editor, Overdrive, shares his view on how the auto industry will move in 2013. He also talks about players in both the four-wheeler and two-wheeler segment who may ride the year in driver seat.
Under attack from the Opposition, UP Chief Minister Akhilesh Yadav today made a U-turn on his decision to allow MLAs to purchase four-wheelers worth up to Rs 20 lakh out of their local area development fund.
Siddharth Lal, CEO, Eicher Motors Ltd says the hike in excise duty to 12% announced in Budget 2012, along with inflationary pressures and cost of raw materials is likely to lead to a subdued quarter for commercial vehicles.