The Indian automobile industry is currently working to make its products meet the second phase of Bharat Stage VI, equivalent to Euro-VI emission norms, in real-time driving conditions. Four-wheeler passenger and commercial vehicles will need more sophisticated equipment to be added to meet the next level of emission standards.
Aiming to scrap nearly 15 lakh heavy vehicles that are more than 15 years old in the first phase, Union Minister Nitin Gadkari has said the draft policy will be ready in a fortnight.
Ashok Leyland is well known for its heavy vehicles. It is a little less known however, for being the backbone of the Indian Military‘s logistic arm for over 45 years. CNBC-TV18's Poornima Murali and Jude Sannith trace the journey of one of India's market leaders in defence logistics.
In an interview with CNBC-TV18, President of Society of Indian Automobile Manufacturers (SIAM) Vikram Kirloskar said commercial and heavy vehicles will grow this year, but not the two-wheeler segment.
In an interview to CNBC-TV18, MD Umesh Revankar said the demand has been little better in Q2, compared to Q1, mainly on the back of better monsoon and an increase in rural demand. He sees a major demand pick-up only in H2.