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BS-VI emission norms to force a 10-12 per cent rise in prices of two-wheelers: ICRA

By : Sustainability ..., Jan 24, 2020

The demand for domestic two-wheelers is likely to remain weak in the near-term on the back of the implementation of BS-VI norms, which is expected to further force a 10-12 per cent increase in ownership cost across segments, according to credit rating agency ICRA. According...

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Auto industry seeks bold fiscal measures in the Budget to revive growth

By : Sustainability ..., Jan 13, 2020

In middle of a prolonged slowdown, the automobile industry has asked the government to take bold fiscal measures to revive the sector that has reported its worst-ever sales decline in two decades during 2019, industry sources said. In the upcoming Union Budget, the auto...

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Discounts on BS-IV vehicles come down

By : Sustainability ..., Jan 9, 2020

Automobile companies have started scaling down discounts on Bharat Stage-IV vehicles, as their inventory of products complying with the soon-to-be obsolete emission standards has stabilised at manageable levels, industry insiders and experts said. Over the past three months,...

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Auto industry yet to submit study to Niti Aayog on EV transition

By : Sustainability ..., Jan 3, 2020

The automobile industry is yet to submit its report on road map to transition two- and three-wheelers to full electric vehicles, according to a senior government official. At a meeting with industry representatives in June last year, the Niti Aayog had asked the industry to...

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Ampere Vehicles expands its dealership network with 23 new outlets

By : Sustainability ..., Dec 31, 2019

E-mobility subsidiary of Greaves Cotton has announced the expansion of its retail network across the country with the opening of 23 new dealerships since 2019. The company claims that it now has dealerships in the states of Karnataka, Kerala, Tamil Nadu, Odisha, West Bengal,...

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Punjab govt in talks with Japan for launch of electric buses

By : Sustainability ..., Dec 3, 2019

The Punjab government on Monday said it is in talks with Japan to launch electric buses based on the Japanese model of state-of-the-art quick charge lithium ion batteries. The project will begin with a pilot of five buses in Chandigarh and Patiala. The government will take...

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Bajaj's iconic Chetak makes a comeback in electric avatar

By : Sustainability ..., Oct 17, 2019

New Delhi, Oct 16 () Iconic scooter brand of yesteryears, Chetak is making a comeback in an electric avatar with Bajaj Auto on Wednesday announcing that it will sell electric scooters under the label as a premium offering. The company, which had vehemently opposed a proposal...

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All buses in India to be electric in next two years, says Nitin Gadkari

By : Sustainability ..., Sep 25, 2019

Union Minister of Road Transport and Highways Nitin Gadkari Monday said that all buses in the country would be converted into electric within a span two years. "In the coming two years, all buses will be converted to electric," Gadkari said at the national conclave on energy...

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States rule out GST rate cut on automobiles amid grim revenue situation

By : Sustainability ..., Sep 13, 2019

Key states have expressed reservations on a cut in the goods and services tax (GST) rate for the auto sector because of the grim revenue situation, after the fitment panel refrained from recommending any such reduction. Facing a deepening slowdown, the auto sector is pinning...

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Measures To Boost Automotive Sector Announced By Finance Minister In India

By : Sustainability ..., Aug 26, 2019

The Indian automobile sector has been going through a prolonged low due the considerable drop in sales, which has led to manufacturers keeping their plants shut for days, alter their sales...

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