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