New Delhi sources stated that taxi permits may be liberalized so that private cars can easily be converted and used as taxis by service aggregators,” set up to formulate an action plan to reform the country’s transport system and make it less polluting. As per the report finalized by the panel, which included representatives of various ministries and the Niti Aayog government think tank, the report makes it clear that passenger safety needs to be ensured under such a regime and has to be address
New Delhi sources reported that according to the latest data released by Society of Indian Automobile Manufacturers (SIAM), HMSI sold 1,801,390 units in the April 2017-February 2018 period, growing at 19.4%, while Bajaj Auto sold 1,815,590 units in the same period, de-growing at 1.89%.
Sources from Geneva said plans to bring in new products in order to have presence in around 95% of Indian passenger vehicles market by 2020, besides working on offering "electric solution" on most of its portfolio going forward. Presently the company sells a range of vehicles from hatchback to SUVs playing in about 70% of the market in India.
Geneva sources reported that German auto major Volkswagen says India is not "really prepared" for a leap towards full electric vehicles (EVs) although the government's move to put it on the agenda is a good step. Meanwhile the company, which has announced plans to expand production of EVs worldwide on a massive scale with 16 locations to produce battery-powered vehicles by the end of 2022, also said India should be clear about what kind of technology it wants.
Mumbai sources stated that the growing number of women in revenue-generating roles and reporting directly to CEOs is a strong indicator that more and more women will find their way into the corner room at large global companies soon, according to Andrea Jung, president and chief executive officer of Grameen America and a member on the board of Apple.
New Delhi sources reported that India should drag US in the World Trade Organization’s (WTO) dispute mechanism against the move to hike import duties on steel and aluminium, as the decision will impact exports and it is not in compliance with the global trade norms. Meanwhile the decision of the US would not only impact India's export of these goods to America but also affect global trade.
London sources have stated that Renault alliance partner Nissan are discussing plans for a closer tie-up in which the Japanese car maker would acquire the bulk of the French state's 15% Renault holding. Meanwhile the car makers are in talks with government officials over proposals by Renault-Nissan boss Carlos Ghosn that would see Paris give up influence at Renault and the French car maker relinquish control over Nissan.
New Delhi sources have stated that the Indian arm of Japanese car maker, Honda Cars India will for the first time commence exports of the fully assembled 1.6L diesel engine from its Tapukara plant in Rajasthan. Exports start from July this year.
According to sources Energy Efficiency Services (EESL) has agreed in principle to invest a capital cost of Rs 10,250 crore in Andhra Pradesh with operational investment of Rs 2,000 crore per year for 1 lakh electric vehicles.
State government is aggressively planning to take a lead in the country by introducing 1 lakh electric vehicles, which is expected to create a massive employment of more than 1 lakh jobs.
Sources have stated that the latest vehicles crash tested by European New Car Assessment Program or Euro NCAP includes new products like Skoda Kodiaq SUV, New generation Suzuki Swift, new Nissan Micra and Mini Countryman. Most of these cars faired well and the crash test results are not disappointing. The differences come in the fitment of advanced driver assistance systems. The Skoda Kodiaq is equipped as standard with an AEB system that detects pedestrians as well as other cars.
New Delhi sources have reported that The Indian subsidiary of Japanese car maker Toyota Kirloskar Motors (TKM) sold a total of 12,705 units in the month of February 2018. TKM sold 11,864 units in the domestic market and exported 841 units in February, compared to 11,543 units in the domestic market and exported 570 units of the Etios series in February 2017.
Sources from New Delhi sources have stated that India’s Tata Motors Ltd said that it had no plans to list its luxury British car brand Jaguar Land Rover after Bloomberg reported that the automaker was considering an initial public offering of the unit.
New Delhi sources have stated that to ensure smooth roll out of Goods and Service Tax, the Central Government has abolished cesses on goods and services included in the last three General Budgets viz 2015-16, 2016-17 and 2017-18, and starting from July 1, 2017 with GST in place the government will also abolish cess on automobiles. Through Taxation Laws Amendment Act 2017, The Industries (Development and Regulation) Act 1951 Cess on Automobile will no longer be applicable.
New Delhi sources have stated that the cheer that goods and service tax has brought to the automotive market has diminished, with concerns mounting over the risk of states raising road tax to offset revenue loss and was added that Maharashtra has already decided to increase the levy on vehicles by 2% to compensate for the absence of octroi, a state tax which has now been merged with GST.
New Delhi sources have stated that state run Energy Efficiency Services Ltd (ESSL) will soon float another global tender for 10,000 electric vehicles to be deployed across the country for government use. Meanwhile a senior executive has said EESL, which is a joint venture of PSUs under the power ministry, will also sign a memorandum of understanding (MoU) with the government of Andhra Pradesh this week to supply 10,000 electric vehicles.