Automobile industry

Published By: Paras YadavLast Updated: May 15, 2023, 18:03 ISTAutomobile Industry (Photo: Reuters)SIAM's proposal for zero duties is limited to 26,400 cars in the first year, increasing to a maximum of 46,200 over a decadeIndian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain “if the need arises", according to a document seen by Reuters, offering better access to the world’s third-largest automobile market.India currently levies 60% and 100% tax on car imports…

The news about an Indian government committee suggesting a ban on diesel cars from 2027 has sowed the seeds of uncertainty in the minds of diesel car buyers today, said top industry officials.Car buyers will think twice before writing out a cheque to buy a diesel car, they added.The government has suggested a ban on diesel-powered cars by 2027 in cities with a population of over a million people.Also Read: 2024 Next-Gen Fortuner and Hilux to Get Mild Hybrid Treatment, Confirms Toyota“The impact on the diesel vehicle…

Published By: Paras YadavLast Updated: May 12, 2023, 11:19 ISTHyundai Motors (Photo: IANS)Chief Minister M.K.Stalin said the investment will speed up the government's target of growing the state economy to one trillion dollars by 2030Car maker Hyundai Motor India Ltd will be investing about Rs 20,000 crore for modernising its plant near here, rolling out new models and to make electric vehicle battery assembly packs and EV charging stations.The Hyundai Motor India and the Tamil Nadu government’s Guidance Bureau on…

Published By: Paras YadavLast Updated: May 10, 2023, 07:00 ISTConnected Vehicle Technology (Photo: IANS)The connected 2-wheeler (C2W) vehicles grew around 92 percent YoY, with its market share increasing to nearly 60 percentIndia’s overall connected vehicle (CV) technology grew more than 60 percent (on-year) in the first quarter of this year, with the electric vehicle (EV) market showing stupendous growth by 48 percent YoY, a report showed on Tuesday.The connected 2-wheeler (C2W) vehicles grew around 92 percent YoY, with…

Published By: Paras YadavLast Updated: May 09, 2023, 11:06 ISTImage used for Representation. (Photo: IANS)The court was dealing with two PIL seeking to ban the installation of crash guards or bull bars on the front and rear ends of all types of automobilesThe Delhi High Court has directed the Centre to make sure that the law against the modification of vehicles for installation of crash guards or bull bars in vehicles under the Motor Vehicles Act, 1988, is strictly complied with.The court was dealing with two Public…

Published By: Paras YadavLast Updated: April 29, 2023, 14:08 ISTImage used for Representation. (Photo: Reuters)The board estimates the reduced pollution from the truck rules would result in 26.6 billion dollars in health savings from fewer asthma attacksCalifornia regulators on Friday approved new rules requiring all medium- and heavy-duty vehicles sold in the state in 2036 be zero-emission, a day after the California Air Resources Board (CARB) adopted reduced emission regulations for locomotives.“With these actions…

Published By: Paras YadavLast Updated: April 28, 2023, 14:57 ISTImage used for Representation. (Photo: IANS)Applicants can submit applications for testing and certification of advanced automotive technology products, which will help them qualify for incentivesThe Union government on Thursday announced the standard operating procedure of the production linked incentive scheme for automobile sector, whereby applicants can submit applications for testing and certification of advanced automotive technology products, which…

Published By: Paras YadavLast Updated: April 05, 2023, 10:15 ISTIsuzu Motors (Photo: IANS)According to Isuzu Motors India, Mittal is the first person of Indian origin who will be steering the Indian operationsTwo Japanese automobile companies a four-wheeler maker and a two-wheeler maker operating in India on Tuesday announced a change of guard.While the four wheeler maker Isuzu Motors Ltd has opted for an Indian-origin Rajesh Mittal as the President of Isuzu Motors India, Suzuki Motorcycle India Pvt Ltd announced the…

Published By: Paras YadavLast Updated: April 05, 2023, 09:29 ISTImage used for Representation. (Photo: IANS)The Indian automobile industry in fiscal 2023-24 is expected to see a single digit growth after closing the 2023 with double digit growthThe Indian automobile industry in fiscal 2023-24 is expected to see a single digit growth after closing the FY23 with double digit growth, said Federation of Automobile Dealers Associations (FADA).As the high-growth period has now passed, FY’24 is expected to see tapered growth in…

The market for ADAS calibration equipment will also grow in the next few years due to rising rates of traffic accidents and the adoption of stricter rules for the enhancement of passenger safety.The global market for Advanced driver assistance systems (ADAS) calibration equipment is anticipated to produce a value of USD 911.2 million in 2033, with sales increasing at a fantastic compound yearly growth rate (CAGR) of 12.6% from 2023 to 2033, according to a recently…