Page 39 - Automobile Industry

SMEV writes to Gadkari, seeks unified policy of road tax exemption for EVs

Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday urged the government to formulate a unified policy of road tax exemption for Electric Vehicles (EVs) across the country. In a letter to the Union Road Transport and Highways Minister Nitin Gadkari, SMEV said a consistent and favourable policy environment is essential to accelerate the shift towards electric mobility in India. "I am writing to request your esteemed office to weigh in on a unified policy of road tax exemption for EVs that will play a pivotal role in encouraging the adoption of clean and sustainable transportation options, which is vital for our nation's environmental and economic future," SMEV Chief Evangelist Sanjay Kaul wrote. In July, SMEV had named Kaul as its Chief Evangelist to help revise the association's agenda. In view of the Ministry of Heavy Industries' decision to reduce the subsidy component mid-way through the FAME II scheme, this input (unified policy of road tax exemption for EVs) from t

Volkswagen's battery unit PowerCo investor could be big client: CFO

The battery unit's first planned client is Ford, to whom it will deliver cells for vehicles the U.S. carmaker is building in Europe on Volkswagen's electric MEB platform

Tata Motors to raise CV prices by up to 3%, third price hike in 2023

The company previously raised prices by 1.2% in January and by 5% in March to ensure its vehicles comply with the new emission norms

Diesel vehicles will not yet be out totally: Siam president Vinod Aggarwal

Lots of discussions happen between industry and the Ministry of Petroleum and Natural Gas. For example, now discussions are happening on ethanol blending; and on LNG availability, says Aggarwal

United Auto Workers union go on historic strike on 'Big Three' firms

The walkouts at the Detroit Three will halt production of the Ford Bronco, Jeep Wrangler and Chevrolet Colorado pickup truck, along with other popular models

VECV to supply 1,000 electric buses to GreenCell Mobility in 5 years

GreenCell Mobility and VE Commercial Vehicles on Friday said they have entered into an agreement for supply of 1,000 electric buses in the next five years. The two parties have signed a memorandum of understanding, which envisages VE Commercial Vehicles (VECV) supplying 1,000 Eicher electric buses to GreenCell's intercity bus business, NueGo, the two companies said in a joint statement. NueGo is already operating in over 30 cities, including Delhi, Chandigarh, Dehradun, Agra, Jaipur, Ludhiana, Bhopal, Indore, Hyderabad, Vijayawada, Bengaluru, Tirupati, Chennai and Pondicherry. "With our focus on superior uptime, backed by a strong alternate fuel programme, we look forward to our partnership with GreenCell Mobility, as we jointly endeavour to decarbonise city mobility," VECV Managing Director and Chief Executive Officer (MD & CEO) Vinod Aggarwal said. "The collaboration strengthens our resolve to reshape the mobility landscape and lead the charge towards sustainability," GreenCell .

Citroen C3 Aircross launched at an introductory price of Rs 9.99 lakh

Strap: The C3 Aircross is powered by a 1.2-litre turbo-petrol engine that returns 110hp and 190Nm of peak torque which comes mated with a six-speed manual gearbox

Toyota on track to hit record sales in India helped by Suzuki partnership

Toyota's India business has been the biggest beneficiary of its global partnership with Suzuki which allows the two Japanese carmakers to share technology and vehicles

Govt not planning to levy any tax on diesel vehicles: Nitin Gadkari

Seeking to clarify his remarks on taxation of diesel vehicles, Union minister Nitin Gadkari on Thursday said that he wanted to convey to automobile manufacturers to take steps to reduce pollution, and also added that there is no proposal to levy tax on such vehicles. Earlier this week, the road, transport and highway minister's remarks regarding the need to levy 10 per cent tax on diesel-run vehicles to help cut emissions had generated lots of controversy. "I am not against diesel fuel and neither we are going to levy any tax on diesel vehicles," Gadkari told CNBC-TV18. The road transport and highways minister noted that from the pollution point of view, diesel is very hazardous and it is really causing health problem in the country. Gadkari emphasised that he is not against any industry and pointed out that the government is already giving incentives for electric cars. "So my suggestion to the industry is that best way to (reduce pollution) is to concentrate on alternative fuel,"

Indian auto electronics market estimated to touch $70 billion by 2032

Safety controls have the highest demand in the country, accounting for 49% of total demand in 2022 followed by power electronics at 32%

Indian PV market to nearly double in size by FY31: Maruti MD Takeuchi

Automobile businesses need to be 'reviewed, re-aligned' for higher scale of operations, he says

Fyn partners with Euler Motors to procure 2,000 fast charging 3-wheeler EVs

EV-as-a-service platform Fyn on Wednesday said it has formed a strategic partnership with Euler Motors to procure 2,000 fast charging 3-wheeler EVs. The order will fuel the company's plans to expand to new geographies within the domestic market, including Mumbai, Delhi, and Coimbatore. Fyn also said it has secured funding from Malaysian energy group Petronas-backed Gentari for the entire order from Euler. Euler Motors is all set to deliver 2,000 units of its flagship electric three-wheeler HiLoad over the next 18 months, the company said in a statement. Gentari aims to establish a Vehicle-as-a-Service (VaaS) fleet in India, Malaysia and APAC to drive sustainable mobility switch and adoption, and is looking to have a 10 per cent market share of charging points and EVaaS across key markets in APAC, including India, Fyn said. To meet the growing demand from the logistics sector, Fyn is leveraging its innovative platform approach to unite all EV stakeholders on a single platform, it .

Tesla looking at sourcing components worth $1.9 billion from India: Goyal

The minister said that going forward, demand for electric vehicles will increase and it will help in pushing the growth of the sector

Anand Group ties up with Korean entity to boost aftermarket biz for PVs

Auto component maker Anand Group on Wednesday said it has joined hands with South Korea's HL Group to provide a wide range of aftermarket components for the passenger vehicle segment in domestic and international markets. The companies have formed a joint venture (JV) -- HL Anand Automotive Parts Pvt Ltd -- under which two dedicated distribution centres will be set up in the next two years. The JV plans to add around 1,200 new SKUs (stock keeping units) in the next two years, Anand Group said in a statement. The new JV would help increase the size of the Indian firm's aftermarket business two-fold while building the Korean entity's presence in India, it noted. The JV will expand the aftermarket portfolio with products manufactured by Anand Group's existing JVs with HL Group's Mando Corporation, an automotive components leader based in South Korea, it added. The existing partnerships between the two entities are HL Mando Anand Automotive Pvt Ltd, which makes steering, brake, and .

Chinese chipmaker raises over $1.8 bn as Beijing prepares new chip fund

With this injection of capital Shanghai-based GTA Semiconductor has in less than two years racked up over $2.7 billion of mostly state funds

Mercedes CEO Kallenius changes tune on China as 'economic wonder' stalls

Mercedes-Benz Group AG had enjoyed a string of successful years in the country, the chief executive officer said, but the best was yet to come

Volvo Car India expects 'good' festival season for domestic auto industry

With improved supply chain situation and positive economic sentiment, Swedish car maker Volvo expects the upcoming festival season to be "good" for India's automobile industry. A top executive of Volvo Car India has said that price parity is being slowly seen between electric cars and ICE (Internal Combustion Engine) cars. Volvo Car India on Monday launched its first ground up electric car C40 Recharge here at an introductory price of Rs 61.25 lakh (excluding taxes). "We have been through a pandemic (in the) last two years. Then we had supply (chain) challenges. This year, it looks normal... If you look at the overall economy, there is generally a very positive sentiment. I think it (festive season) should be really good," Volvo Car India Managing Director Jyoti Malhotra said. The luxury car segment sales are expected to return to the 2018 peak this year, after going through a rough road during the pandemic years, he said, adding that the supply chain situation has improved though

Auto sales up 9% in August, PV inventory at an all-time high: FADA

Adopting a cautious stance for the near-term outlook, FADA said that low rainfall may impact rural auto demand during the upcoming festive season

All kinds of green tech required to reduce dependence on fossil fuels: TKM

India needs all kinds of green technologies, including electric, hybrid and flex-fuel compliant powertrains in automobiles, in order to reduce dependence on fossil fuels, according to a senior executive of Toyota Kirloskar Motor. Aligning with the national goals, the automaker plans to go in for all kinds of powertrains in its cars as it looks to provide customers with a wide range of mobility options across multiple price points. "We need all the technologies to basically shift away from petrol and diesel fossil fuels. There is so much in terms of what needs to be done. Even if we have all these green technologies. there is still going to be a gap," Toyota Kirloskar Motor (TKM) Country Head and Executive Vice-President Vikram Gulati said in an interaction with PTI. TKM aims to offer wider clean energy technology choices, including hybrid, electric vehicles, fuel-cell electric and flex-fuel vehicles to align with the government's goal of reducing dependence on fossil fuels, he ...

Except Assam, north-eastern states lag CMVR implementation: Dealers' body

Barring Assam, other northeastern states are "lagging" in implementing rules about paperless and online registration of vehicles, an automobile dealers' body claimed on Saturday. It urged all states in the regions to expedite the implementation of the Central Motor Vehicle Rules (CMVR) for these online services aimed at easing the procedure for customers as well as dealers. While some states like Assam are doing commendable work in implementing CMVR, others are still lagging. It should be understood that the rules are framed to make it convenient for customers as well as for dealers, Federation of Automobile Dealers' Associations CEO Saharash Damani said at a press conference here. Sharing the status of CMVR implementation in six northeastern states, he said Assam has achieved it in all six parameters, from online issues of registration marks to digitally granting trade licences to doing away with the need for vehicles to be inspected or documents to be sent to regional transport ..