Toyota Launches India’s First Flex Fuel Hybrid

News: Indian Subcontinent

2022-10-21

Toyota Launches India’s First Flex Fuel Hybrid

INDIA REPORT 

Aditya Kondejkar

Toyota has launched  the Corolla Altis, India’s first flex-fuel engine. This car will be able to run on petrol or ethanol as well as electric power. It is part of a pilot project developing Flexi-Fuel Strong Hybrid Electric Vehicles in India.

Source: Hindu Times    Read The Article

Because of the great diversity in India’s consumer population, especially its per-capita income disparity, and multiple applications of vehicles, India might not use one technology but might use a combination of technologies involving various fuel types.

The Indian market can’t simply shift from petrol/ diesel engines to EVs over the next few years. Hence, many OEMs are working on CNG/ hydrogen/ hybrid vehicles.  Toyota has launched this new vehicle for the Indian market as part of these efforts.

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2022-09-28

Festive Demand Expected To Boost Auto Industry

INDIA REPORT 
Aditya Kondejkar

Adequate rainfall across the country along with the start of the long festive season will keep the demand for automobiles positive and help keep the momentum going in this segment. Additionally, normal monsoons in most parts of the country resulting in a decent agricultural harvest kept demand positive. So, automakers are focusing on building up inventory in anticipation of higher demand

The Indian economy is poised to shrug off the modest tapering of growth in Q1 2022, and aggregate demand is firm and set to expand as the festival season sets in. Hatchback cars and affordable, non-electric motorcycles and scooters are set to register bumper sales in the coming months as India gets ready to celebrate its first ‘normal’ festive season after a gap of two years. Above-normal rains, positive consumer sentiment and a generally optimistic mood are also expected to boost sales of these entry-level vehicles.

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2022-08-20

CV Industry Is Moving in Top Gear

INDIA REPORT 
Aditya Kondejkar

The commercial industry will grow with trucks and buses expected to do well. Truck sales will improve as many industries require more units as they are running at full capacity

The Indian economy managed to revive itself during the first and second COVID waves and quickly achieved a V-shaped recovery.

This year, GST is reaching high levels. GST collection has witnessed a growth of 26% YoY – YTD CY22. Furthermore, the generation of e-way bills is increasing rapidly. The generation of e-way bills is directly proportional to truck utilization and drives vehicle demand.

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2022-07-20

CNG Vehicles Are Moving in Cruise Mode

INDIA REPORT 
Aditya Kondejkar

Sales of CNG (Compressed Natural Gas) vehicles in India are set to scale a new peak, driven by robust double-digit expansion in 2023 demand, with lower total ownership costs decidedly tilting the scales in favor of gas-powered cars instead of those running on liquid automotive fuels.

“We are seeing excellent traction for CNG vehicles,” says Tarun Garg, Director – Sales, Services and Marketing, Hyundai Motor India. “CNG provides a very good option to customers in terms of reduced total cost of ownership. Not only is the price of CNG fuel less than petrol/diesel, the fuel efficiency, too, is relatively better and emissions are lower.”

Currently, the country has more than 4,500 operational CNG stations, compared with fewer than 1,000 in 2014. To push adoption of CNG vehicles in the personal mobility space, in 2019, the petroleum and natural gas ministry announced plans to set up more than 10,000 CNG stations over the decade. It is anticipated that the country will save approximately  Rs 2 lakh crore in oil imports if personal car users switched to CNG vehicles. Read The Article

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2022-06-25

India Amends Bio-Fuel Policy, Hikes Introduction of E20

INDIA REPORT 

Aditya Kondejkar

The government of India has amended its National Policy on Bio-fuels that will accelerate the adoption of E20, allow the use of new bio-fuel feedstocks, and grant permission for bio-fuel exports under certain conditions. 

Source: Ethanol Producer Magazine     Read The Article

PSR Analysis: To tackle soaring fuel oil prices, India plans to introduce 20% ethanol blending with gasoline in several regions of the county beginning in April 2023, and it will be implemented nationwide starting in FY25. The Indian government has expediated the process to increase local oil production and the transition to alternative fuels to reduce the dependencies on other countries. Currently, India is using a 10% mixture of ethanol and gasoline.

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2022-05-23

PMI Electro To Set Up EV Manufacturing Plant in Maharashtra

INDIA REPORT 

Aditya Kondejkar

Electric bus maker PMI Electro announced the setting up of its largest EV manufacturing plant with annual production capacity of 2,500 vehicles at Chakan in Maharashtra.

Source: Economic Times       Read The Article

PSR Analysis: PMI operates a manufacturing facility in Delhi, India’s capital region, which has an annual production capacity of about 1,500 electric buses. With the planned facility in Pune, the total annual manufacturing capacity of PMI will grow to 4,000 electric CVs, the company said. The new plant will be capable of manufacturing electric CVs in multiple variants as well as electric trucks.

The company said it has received an order size of 1,000 electric CVs (Commercial Vehicles) under FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme of the central government. PSR

Aditya Kondejkar is Research Analyst – South Asia Operations, for Power Systems Research

Tata Motors: Electrification Is an Irreversible Trend

Tata Motors recently unveiled the electric avatar of its most popular small commercial vehicle Ace. The company said it has booked orders for 39,000 units from top e-commerce players. India’s largest commercial vehicle manufacturer plans to transform commercial vehicles to achieve a net-zero target by 2070 for the country.  PSR

Aditya Kondejkar is Research Analyst – South Asia Operations, for Power Systems Research

2022-03-20

Piaggio Developing Electric Scooter For Indian Market

INDIA REPORT 
Aditya Kondejkar

Piaggio, which sells electric scooters in Europe, is developing products specifically for India but it will take 18-24 months to enter the market. It will focus on scooters and not launch electric motorcycles.

The large automaker has 2024 in its sights as a realistic go-to-market timeline for the new scooter.

“We are interested in providing customers with a solution in the two-wheeler space that (makes sense) even beyond the effect of subsidies. It is a matter of fact that the players that have entered recently in this space are gaining volumes on the base of subsidies,” says Diego Graffi, MD & CEO Piaggio India

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2022-02-20

Union Budget Push To Expand Highways and EVs

INDIA REPORT 
Aditya Kondejkar

The 2022-2023 Budget is focused on building long-term strength using investment as the growth lever while maintaining policy stability and inclusivity. The 35% increased capex outlay, major infrastructure projects like 25,000 km road construction, 100 Cargo terminals, Project GatiShakti, 5G network, optic fiber cable laying and the recent PLI schemes are major positives.

Source: Auto Guide India    Read The Article

 “The blueprint of a digitally enabled, Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace for the next twenty-five years. These are the bedrock of the proposals announced in the Union Budget 2022-23, as we redefine our economy in a post-pandemic world. Setting the direction for creation of urban fossil fuel free zones, policy for battery swapping and energy as service and incentives for creating a vibrant start-up eco system, India could soon emerge as a fore-runner of green mobility solutions for the world” – Sunjay J Kapur, President ACMA (Automobile component manufacturers association of India)

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2022-01-22

Cabinet Okays Rs 76,000-cr Semiconductor Plan

INDIA REPORT 
Aditya Kondejkar

The India Cabinet has cleared a Rs 76,000-cr incentive plan for semiconductors that will set up more than 20 semiconductor design, components manufacturing and display fabrication units over the next six years.

A specialized and independent “India Semiconductor Mission (ISM)” was launched Dec. 29, 2021, to drive the long-term strategies for developing a sustainable semiconductor and display ecosystem in India. The ISM will act as the nodal agency for efficient and smooth implementation of the schemes on semiconductors and display ecosystem.

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On December 15, 2021, India’s Union Cabinet approved the Program for Development of Semiconductors and Display Manufacturing Ecosystem in India, with an outlay of  US$10 billion (INR 760 billion) for the development of a sustainable semiconductor and display manufacturing ecosystem in India.

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