Trimble’s automated tractors to plough new furrow in India

download (2).jpgSource: The Hindu Business Line, Jun 18, 2018

New Delhi: US-based Trimble will launch automated steering equipment for farming in a year in India, a top official said. When commercialised, Trimble may become the first company to offer this product in the country.

The company ran a pilot in North India for six months. It is now working with partners to localise the technology for and make it cost-effective.

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Hybrid cars on slow track after a year of high taxes

Source: Business Standard, Jun 18, 2018

New Delhi: A year of high taxes, which came with the implementation of Goods and Services Tax (GST), has almost killed the budding hybrid car market. While Hyundai has junked its hybrid car plans, companies like Maruti Suzuki and Toyota have seen a drop of up to 76 per cent in sales of hybrid cars.

The GST Council last year imposed a cess of 15 per cent on hybrid vehicles, in addition to the 28 per cent GST, leading to a total tax burden of 43 per cent against a previous tax rate of 28 per cent. N Raja, deputy managing director at Toyota Kirloskar Motor said the company used to sell 110 Camry Hybrid sedans every month on an average before the cess was imposed effective July 2017.

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New Auto Policy likely to be finalised in 3 months

Source: The Economic Times, Jun 17, 2018

The new National Auto Policy, which may seek emission-linked taxation for automobiles and a technology agnostic green mobility roadmap, is likely to be finalised in the next three months, according to official sources.

Discussions with various stakeholders have been on for the past six months to frame the new policy, which envisages having a single nodal regulatory body for the automobile industry, officials in the Heavy Industry Ministry said.

A draft Cabinet note on the policy is being prepared and will be circulated shortly among departments concerned, they disclosed.

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Kerala govt gives approval to Nissan to set up a new tech facility

Source: Business Standard, June 07, 2018

Chennai: Kerala cabinet has given its nod to allocate the space for Nissan to set up a tech facility in Thiruvananthapuram. It may be noted, the company along with its French partner Renault is operating a development centre at Mahindra World City, near Chennai just few kilometers away from its manufacturing facility.

While the company officials were not available for the comment immediately, Kerala Chief Minister Pinarayi Vijayan tweeted saying “gave approval for the digital campus of Nissan Motor Company in Thiruvananthapuram. Nissan will be given a land in Technocity and floor space in the Yamuna building of technopark”.

Known sources said the campus will accommodate around 3,000 people. Investment details were not available immediately. Nissan is focusing on developing intellectual property in India and the concentration will also be on manpower, said a senior management. Read the rest of this entry »

Electric vehicles hit a roadblock as Modi govt delays roll-out of 1000 electric cars

Source: Financial Express, May 30, 2018

In a major setback, Modi government has further delayed the plan to roll out thousands of electric cars in the country by almost a year. Government’s ambitious plan got wings when State-owned EESL announced a tender to procure electric cars for government employees but the plan has hit a major roadblock.

State-owned Energy Efficiency Services Ltd., which is responsible for procuring electric cars to replace the petrol and diesel vehicles used by government officials, will roll out the first 10,000 vehicles by March 2019, Saurabh Kumar, the agency’s managing director said. EESL issued its first tender for 10,000 cars in September. It planned to roll out 500 cars by November and the rest by June. Read the rest of this entry »

Andhra Pradesh promotes electric vehicles with fiscal sops

download (2).jpgSource: The Economic Times, May 18, 2018

NEW DELHI: Andhra Pradesh has set a target of attracting Rs 30,000-crore investment in promoting electric vehicles in the next five years by giving fiscal incentives to carmakers, battery manufacturers, charging infrastructure companies and consumers.

The state Cabinet on Wednesday cleared an electric mobility policy that provides for complete reimbursement of road tax and registration fees on sale of electric vehicles until 2024.

The state has set a target of having 10 lakh electric vehicles on roads in the next five years. The policy also provides for 10% capital subsidy for the first two car manufacturing firms, stamp duty reimbursement for purchase or lease of land and state GST reimbursements. Discounts in power and water tariffs will be offered to the manufacturing firms.

The policy aims to convert city buses to electric buses by 2024 in four cities and in the state by 2030.

Electric vehicles market in India set to see several new entrants

Source: Business Standard, May 14, 2018

Mumbai: The electric vehicles (EV) market in India is set to see the entry of a flurry of new players of foreign origin and home-grown start-ups in the two- and three-wheeler segments, even as the established Indian automobile firms such as Hero MotoCorp, Bajaj Auto and TVS Motor Company have chosen to adopt a calibrated and wait-and-watch approach before they jump onto the EV bandwagon.

The government’s ambitious National Electric Mobility Mission Plan 2020 envisages achieving 6-7 million sales of hybrid and electric vehicles by 2020. A series of flip-flop on policies and a non-existent charging infrastructure are the biggest challenge in achieving the target. But is not deterring the newer entrants.

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