• May 24, 2017

     COMMERCIAL VEHICLES INDUSTRY NEWS by motorindia

    May 22, 2017--The Indian CV Industry is expected to register good growth numbers across different segments, driven by the slew of forward-looking changes taking place in the market.

    The M&HCV (truck) segment is likely to register a growth of 6-8% >Read more

  • May 23, 2017

    Electric Vehicles To Cut Fuel Costs by $60 Billion by 2030

    Accelerated adoption of electric and shared vehicles could save $60 billion in diesel and petrol costs while cutting down as much as 1 giga-tonne (GT) of carbon emissions for India by 2030.

    PSR Analysis: Leading EV manufacturers such as Tesla Inc. and Toyota Motor Corp. are showing interest in the Indian market and Nissan has announced plans to bring its best-selling EV Leaf to India. At the same time, the power and utility sector in India is rapidly changing: reducing dependence on >Read more

  • May 3, 2017

    SC Bans Sale of BS-III Compliant Vehicles after April 1, 2017

    In a major setback to the Indian automotive industry, the Supreme Court has banned the sale of Bharat Stage III (BS-III) vehicles after March 31, 2017. The automobile industry has an unsold BS-III vehicles stock of 8.24 lakh (824,000) units.

    PSR Analysis: In the previous emission norms transition, the ruling mentioned a cutoff date for production and not for sale. In this ruling, the court changed its applicability to sales which perplexed the industry. Hence, all BSIII vehicles in >Read more

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