Tata Motors plans test trials for electric vehicles across India

download (10).jpgSource :Financial Express 5 May 2017

Tata Motors believes that electric buses are imminently suitable for city transportation although it is still not sure if the users would be ready to pay higher prices for tickets.

Tata Motors plans test runs for its 9-meter and 12-meter electric buses across the country to generate interest among the State transport corporations, even as it urges government to pay higher subsidy on electric vehicles compared with hybrid vehicles under the upcoming electric vehicle policy. “We have already started test runs of our 9-meter electric vehicles in the state of Himachal Pradesh, and it is our intent to make a number of these vehicles available all across the country to generate interest,” Ravindra Pisharody, executive director, commercial vehicles of Tata Motors said. Tenders have already been floated by Pune city for 100 buses, BEST for 6 buses, and similarly by Himachal Road Transport Corporation that the company plans to participate in.

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Passenger vehicle sales forecast to grow at 9-11% over the next five years

imagesSource : Business Standard

Mumbai: Passenger vehicles sales in India, the world’s fifth largest car market, are expected to expand at a faster pace over the next five years as pay raises for government employees, courtesy the 7th Pay Commission, and a recovery in rural incomes boost demand for personal transport.

Low fuel prices and interest rates are also likely to encourage purchases.

Despite the shock currency invalidation in November that sucked out 86% of money in circulation, passenger vehicles sales in India advanced 9% in fiscal 2016-17—the quickest in six years, crossing the 3-million mark for the first time, auto industry lobby group Society of Indian Automobile Manufacturer (Siam) said last month. The research arm of rating agency ICRA Ltd on Tuesday said it estimates passenger vehicles sales in India to grow by 9-10% in the current fiscal year and a 9-11% mean annual growth rate over the next five years. Others are equally bullish.

Andhra Pradesh likely to bag Rs 10,000-crore Kia project

Source: The Economic Times, Apr 17, 2017

HYDERABAD | MUMBAI: South Korea’s Kia Motors may put in as much as Rs 10,000 crore in one of the biggest foreign direct investment projects in India, with the Hyundai Motor unit selecting Andhra Pradesh for its maiden facility after a two-year, four-state search in Asia’s third-largest car market.

Two persons aware of the development told ET that Kia, a unit of South Korea’s biggest carmaker, has chosen Penukonda in Anantapur district in southern Andhra Pradesh, which is starting the process of buying land for the factory. Kia’s choice of Andhra Pradesh — amid intensifying interstate rivalry to draw investments as part of the Make-in-India initiative — helps reinforce N Chandrababu Naidu’s credentials as a business-friendly chief minister. Read the rest of this entry »

India a step away from a modern motor vehicle law

Source: LiveMint.com, Apr 11, 2017

New Delhi: India is a step away from a game-changing legislation that will revamp the laws governing transportation in the country, with the Lok Sabha on Monday passing the Motor Vehicles (Amendment) Bill, 2016.

The changes are significant as they will, for the first time, acknowledge the fundamental reordering of mobility with the introduction of laws recognizing app-based taxi operators.The amendment to the motor vehicles Act will now be introduced in the Rajya Sabha on Tuesday. If the House does not suggest any further changes, then it will be moved to the President for his assent.

The changes on the anvil include linking driving licences and vehicle registration with a person’s Aadhaar number, stringent penalties for traffic violations, protecting good Samaritans and making road contractors liable in case of accidents due to faulty road design.

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Italian super bike maker Ducati expects to double India sales in 2 years

Source: Business Standard, Apr 10, 2017

Chennai: Italian superbike maker Ducati expects to break-even by next year in India. Having crossed the 1,000-bike sales mark last year, the company expects to sell 600 units this year.

According to Ducati India, its operations in the country will be profitable by the end of 2018.Ducati started operations in India in March 2015 and established six dealerships across Delhi NCR, Mumbai, Pune, Bangalore and Ahmedabad.Ravi Avalur, managing director, Ducati India, said that India is one of the fastest growing motorcycle markets and has great potential for future growth.

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BMW officially brings its bikes to India

download (8).jpgChennai: BMW Motorrad today officially announced starting of its operations in India as a part of the Indian subsidiary of BMW Group. Earlier, BMW Motorrad was operating in India with importers who had sales outlets in Mumbai and New Delhi.

Dimitris Raptis, Head of Region Asia, China, Pacific, South Africa, BMW Motorrad said: “BMW Motorrad is one of the world’s most tradition-steeped and successful motorcycle brands. The Motorcycle division is the part of our company that’s firmly anchored in its heritage and will continue to make a contribution to the BMW Group’s success in the future. BMW Motorrad has already become the most anticipated and exhilarating brand to enter India. We see a tremendous potential in this country and we are pleased to introduce BMW Motorrad as a part of the Indian subsidiary of BMW Group.”

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UK car exports to India grow 11-fold in 7 years, Jaguar Land Rover top list

Source: IBEF.org, Mar 23, 2017

New Delhi: According to UK’s Society of Motor Manufacturers and Traders (SMMT), car exports from UK to India have grown 11 times in the past seven years to 3,372 cars in 2016, led by Jaguar and Land Rover models owned by Jaguar Land Rover, a subsidiary of Tata Motors. Discovery Sport, Range Rover Evoque, Jaguar XF, Jaguar XE and Jaguar F-Pace are the top five best-selling models in India. On the other hand, car registrations of Indian models in UK rose 12.6 per cent to 31,535 in 2016. The Indian automotive aftermarket bought car parts from UK worth GBP 14 million (US$ 17.48 million) in 2016 and is expected to grow 15 per cent per year over the next five years.