Auto Expo: From electric bus to 2-seater pod, automakers showcase EV vision

download (3).jpgSource: Business Standard, Feb 08, 2018

New Delhi: The Indian automobile industry on Wednesday showcased its vision for an all-encompassing electric-powered transport solutions at the pre-open day of the Auto Expo 2018.

Besides, the rush of unveilings and new product introductions, the event also saw the entry of brands — Kia Motors, Kawasaki and BMW Motorrad – in the Indian market.The 14th edition of the “Auto Expo — The Motor Show” 2018 will be opened for the public from Friday. On Wednesday, 22 exhibitors unveiled over 65 products and launched 14 new offerings.

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Carmakers accelerating pacts to launch affordable electric vehicles in India

download (2).jpgSource: The Economic Times, Feb 08, 2018

NEW DELHI: Indian auto companies are stitching together multiple partnerships to introduce affordable electric vehicles (EV) in the country over the next few years.

As many as a dozen carmakers have decided to join hands and explore ways of targeting the EV space in the run-up to India’s stated goal to switch largely to non-fossil fuels by 2030. Through partnerships, not only are the risks and rewards shared, but the time to market is also reduced significantly.

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How India has emerged as a significant market for the auto industry

download.pngSource: The Economic Times, Feb 07, 2018

Maruti Suzuki accounted for more than half the vehicle sales for Japanese parent Suzuki Motor in 2017, a year when Hyundai Motor’s Indian unit helped lessen the pain from falling numbers at the Korean company. With India among a few countries where vehicle sales grew at a healthy pace, the past year saw the nation’s increasing profile as a key automobile market. In the two-wheeler space, Honda Motor and Suzuki had their highest revenue contributions from India.

These companies have made their Indian units into money-spinning operations by developing products that are specifically targeted at the Indian buyer. European and US automakers, as well as some Asian manufacturers, had suffered here as they didn’t have products suited for the local buyer. But that is changing now, with companies such as Ford Motor, Renault and Volkswagen also developing vehicles for India.

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Imported luxury cars to be costlier by up to Rs 10 lakh

Source: The Economic Times, Feb 01, 2018

NEW DELHI: Prices of luxury cars, including those of Audi and Mercedes, are likely to rise by up to Rs 10 lakh with the government today hiking the custom duty on CKD (completely knocked down) imports and levying social welfare surcharge on imported goods.

In the Budget for 2018-19, Finance Minister Arun Jaitley increased custom duty on CKD (completely knocked down) imports of motor vehicles, motor cars, motor cycles from 10 per cent to 15 per cent.

Besides, the government has levied a Social Welfare Surcharge on imported goods at 10 per cent of aggregate custom duties.

As a result of the new taxes, German luxury carmaker Audi said that prices of models, ranging from A3 to R8, are expected to go up in the range of Rs 1.5 lakh to Rs 10 lakh. Read the rest of this entry »

Chinese electric bus makers look to set up operations in India

Source: LiveMint.com, Jan 25, 2018

New Delhi: Chinese electric bus manufacturers are exploring opportunities to start operations in India and have held initial discussions with the Automotive Component Manufacturers Association (ACMA) and the Society of Manufacturers of Electric Vehicles (SMEV), three people aware of the development told Mint.

According to one of the persons cited above, five Chinese electric bus manufacturers, including well-known ones like BYD Co. Ltd and Changsha Sunda New Energy Vehicles Technology Co. Ltd, have been aggressively exploring options to enter the Indian market.

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Here is what Narendra Modi govt is planning to accommodate electric vehicles

5Source: Financial Express, Jan 25, 2018

New Delhi: In order to promote the uptake of electric vehicles (EV) in the country, the government is ready to amend the Electricity Act, 2003. Citing the Electricity Act as an “enabler” for implementing e-mobility, power minister RK Singh said on Wednesday that the “the technical aspects (for the new EV regulation) are to be taken up by the Central Electricity Authority (CEA) while the power ministry will look after the policy side.”

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Andhra Pradesh plans sops to pull in Rs 30,000 crore investment in electric-vehicles industry

Source: The Economic Times, Dec 26, 2017

NEW DELHI: Andhra Pradesh is seeking to attract Rs 30,000 crore of investments in the electric-vehicles industry through a raft of incentives that would include capital subsidies to automakers and charging-equipment manufacturers, helping India achieve its stated goal of drastically limiting the use of fossil fuels for its surface-transportation needs.

“Fast government approvals make it (Andhra Pradesh) ideal for manufacturing,” the state’s secretary for industries and commerce, Solomon Arokiaraj, told ET. “Andhra (Pradesh) aims to emerge as a hub for the electric mobility ecosystem in the country.” Besides capital subsidies, Andhra Pradesh proposes to offer concessional land and power, complete state GST reimbursements, and special incentives for battery manufacturing to draw investments in the electric-vehicle space.

New Delhi has proposed switching to an ‘electricity-only’ fleet by 2030, but is yet to announce a comprehensive policy. Read the rest of this entry »