Nitin Gadkari today said driverless cars will not be allowed in India as it will lead to joblessness so they won't allow it in India. Instead focuses on introducing new cab aggregator platform where commuters could choose any mode of transportation like electric four-wheeler taxis or two-wheelers.
Punjab plans to shift to environment-friendly electric vehicles in a big way, with the new industrial policy to be significantly focused on the same, Chief Minister Amarinder Singh said today. Mahindra & Mahindra Managing Director Pawan Goenka during his meeting with the chief minister said that his group was keenly interested in promoting electric vehicles in Punjab.
Bajaj Auto currently exports to various markets in the region including the Philippines, Singapore and Myanmar. And by adding Thailand to this list, the company plans to consolidate its position in the Southeast Asian market.
Mercedes-Benz has pitched for lower taxes on luxury cars in India, saying the move will help in job creation as well as increase tax collection from the segment. The company says that "better treatment" in terms of taxation could lead to growth of luxury car segment in the country.
Volvo Cars has said it will continue to push for hybrid and electric vehicles in India despite disappointing high tax rate on such vehicles under GST.
Toyota Kirloskar Motor (TKM) today said it will not change its plans for hybrid vehicles in India despite increase in tax rates on the category of vehicles under GST resulting in higher prices. Under the new tax regime, prices of the company's popular hybrid sedan Camry have gone up by an average of Rs. 3 lakh.
SAIC Motor will set up a passenger car manufacturing facility at Halol, Gujarat. The company expects to invest over Rs. 2,000 crore in the next five years and begin production from 2019.
The country's largest two-wheeler maker Hero MotoCorp has reduced prices of its mass selling models by up to Rs 1,800 to pass on GST benefits to its customers. "The quantum of reduction ranges from Rs 400 to Rs 1,800 on mass-selling models," the company said in a statement.
Around 20-25 major dealers of the company, with many of them running multiple dealerships across the country, will take part in the meeting.
The company expressed interest in Indian startups working on artificial intelligence, machine learning technology and data analytics.
Scientists have developed an inexpensive printed sensor that can monitor car tyres in real time, warning drivers when the rubber has grown dangerously thin and needs to be changed. The device will increase safety, improve vehicle performance and reduce fuel consumption.
Competition Commission today imposed a penalty of Rs. 87 crore on Hyundai Motor India for unfair business practices with respect to providing discounts for cars. Besides, the company has been directed to cease and desist from such anti-competitive practices.
Tamil Nadu Government has shown interest to purchase low floor, air conditioned electric vehicle CIRCUIT provided by Hinduja Group flagship Ashok Leyland. The company will be showcasing an electric vehicle with battery swap technology in the coming days.
Finance Minister Arun Jaitley had earlier hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.
Fiat India Automobiles said it will roll out its first ever, 'Made-in-India' Jeep Compass production vehicle from the assembly line in Ranjangaon near Pune on June 1.
Auto maker Ford India is offering discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo to pass on benefits of new tax rates under GST, to be rolled out in July. The company is offering discounts on the Ford EcoSport in the range of Rs. 20,000 to Rs. 30,000.
Banking on the shared mobility space after launch of India's maiden electric vehicle project in Nagpur, automobile giant Mahindra & Mahindra is eyeing a capacity of 5,000 e-vehicles a month by 2019 which will be expanded further.
The Delhi government's transport department has put on hold its decision of making speed governors mandatory for cabs operating in the national capital. Last week, the department had made installation of speed governors in taxis and cabs mandatory following the Union Road Transport Ministry's recent notification.
2016-17 was a bumpy year for Bajaj Auto with overall sales declining by 5.85 per cent. With sentiment picking up, Bajaj is optimistic about the 2017-18 financial year
Auto industry today termed clubbing of hybrid vehicles along with luxury cars in GST rates as environment unfriendly and regressive step, saying it went against plans to promote green vehicles.
