Mention
Auto industry seeks GST cuts from Budget 2019-20edit
The Indian auto industry, weighed down by weak market sentiment and regulatory issues, is seeking relief from the government in the form of reduction in goods and services tax (GST) on passenger vehicles (PVs) and two-wheelers in the 2019-20 Union Budget on July 5.
Industry
Why the government is pushing EVs to fight climate changeedit
India has been at the forefront of aligning its policies with its commitment to the Paris accord on climate change, signed in 2016. The accord aims to pursue efforts to limit the global temperature rise to 1.5ºC above pre-industrial levels.
20 Electric Buses In Srinagar Are Sitting Idle As There Are No Charging Stations To Charge Themedit
In its plan to use electric vehicles to cut down on vehicular emissions, the state transport corporation of Jammu and Kashmir missed out one crucial component of EV use. While the department was able to procure 20 electric buses from Tata Motors two months ago, the e-buses have are yet to be put into operation. Reason? There are no charging points for these.
Changing of 2-wheelers to electric is uncalled for, says TVSedit
Changing from conventional two-wheelers to 100 per cent electric is “not like Aadhaar, not a software and print cards” and such transition is completely uncalled for, according to TVS Motor Co and Bajaj Auto.
Electric vehicles up to 67% less emission intensive than conventional carsedit
A typical mid-size electric vehicle (EV) can generate up to 67 per cent lower greenhouse gas (GHG) emissions than a petrol-driven internal combustion engine (ICE) car on a well-to-wheel basis but the location in which they are driven is a crucial factor, according to consultancy firm Wood Mackenzie.
Budget 2019: Electric vehicles to get host of tax sopsedit
Union Budget 2019 India: The upcoming Budget may have a host of tax incentives for electric vehicles (EVs), in line with the government’s plan to advance the mandatory rollout schedule for these environmentally benign vehicles.
Auto stocks decline post NITI Aayog’s directive on electric vehicleedit
Shares of two and three wheeler auto-makers like TVS Motors and Bajaj Auto came under heavy selling pressure during the morning deals on Monday after the government think-tank NITI Aayog gave the industry a deadline of two weeks to come up with a plan to switch to electric vehicles (EVs).
‘GST Council to consider reducing tax on electric vehicles’edit
The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday.
Competition
Kia could launch a low-cost EV in India in collaboration with Hyundaiedit
Kia Motors India, which is set to launch its first product in India later this year i.e. the Seltos compact SUV, is also considering a low-cost electric vehicle for the Indian market. The South Korean automaker, which is a subsidiary of Hyundai Motors, aims at bringing this SUV to the Indian market in collaboration with the group firm.
International
Volkswagen partners with Schwarz for EV charging infrastructureedit
Ahead of launching its full-electric car sharing service WeShare in Berlin in a few days, German automobile group Volkswagen has joined hands with Schwarz Group companies Lidl and Kaufland supermarket chains. Under this strategic partnership VW’s WeShare fleet of electric vehicles will receive exclusive right to use Schwarz’s EV charging infrastructure overnight outside opening hours, from 11 pm to 6:30 am.