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BEML Unveils Electric Vehicle Fleet, Phases Out Diesel for Greener Future
Autos, Business, Equities, Markets - January 21, 2025

India Targets 50% EV Sales by 2030 for Net Zero Emission by 2070

India Targets 50% EV Sales by 2030 for Net Zero Emission by 2070

India has a set goal of achieving a net zero emission target for the year 2070. In order to achieve this goal, India has to complete Electric vehicles sales growth of 50 percent by the year 2030. On 20th January, 2024, Environment Minister of India, Bhupender Yadav made this announcement in the third International Conference on Sustainable Circularity held by Society of Indian Automobile Manufacturers (SIAM). He further stated that India has achieved a capacity to sell cars per annum more compared to the size of population of few countries. Along with this milestone, great responsibility of conserving the environment comes.

Need to hike EV sales
The Environment Minister of India states that India is recording a hike in sales of vehicles which is a good sign. The auto industry and government must work together to make sure that this hike will not harm the environment.

Electric vehicles sales are anticipated to hit the record of close to 35 percent in the year 2030. However, to make sure the automobile industry achieves the target of net zero emission by the year 2070, the sales needs to increase by 50 percent.

The hike in EV sales will not only help climate conservation but will also promote job creation. The number of sales in the Electric vehicles segment is expected to record around 10 million units by the completion of the year 2030. It will help to create employment of about 5 million.

Electric Vehicles also play a major role in reduction of CO2 emissions. These vehicles are quite sustainable for the earth. It does not release pollution in the environment. It requires batteries to work and these batteries are charged using electricity.

By the end of the year 2030, electric vehicles in India are expected to reduce CO2 emission to about 5 metric tonnes. This cutting of CO2 emissions can reach a range of 110 to 380 metric tonnes by the end of the year 2050.

Participation in GCP
Minister encouraged companies in the automobile industry to voluntarily contribute towards the environment by engaging in the Green Credit Programme (GCP) of India. By becoming part of GCP, it will give automakers rewards for their steps taken towards environment conservation.

Promote Circularity Practice
The circularity practice refers to reuse of components as well as depletion of waste formed while producing a commodity. The environment minister states that India could raise about 624 billion US dollars every year by the end of the year 2050, in case of implementation of circular practices in the manufacturing activity of the country.

The Society of Indian Automobile Manufacturers (SIAM) must encourage the practice of circularity in the manufacturing of vehicles in India. It should also make consumers aware of the significance of such practices.

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Solid reason for GST reduction on two-wheelers

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Indian Government prepares to make ecosystem for premium Electric Vehicles
Autos, Business, Equities, Markets - January 20, 2025

Indian Government prepares to make ecosystem for premium Electric Vehicles

Indian Government prepares to make ecosystem for premium Electric Vehicles

The government of India wants to develop an EV ecosystem for premium Electric Vehicles. Last year, the Indian government encouraged investment in manufacturing of premium EVs at the local level through the scheme known as Scheme for Manufacturing Electric Car (SMEC). The SMEC was announced on 15th March, 2024.

To support this goal, the government wants to invest in research and development (R&D). It also wants to provide funds for establishment of separate specialized production lines particularly for EVs in the midst of existing factories. It helps to streamline production of EVs and also does not disturb production of other vehicles. The official guidelines regarding the schemes will be announced soon.

About the SMEC scheme
The main goal of the scheme was to uplift the investment in production of premium Electric cars at local level. It is to promote manufacturing at the local level. The scheme gives import relaxation of about 15 percent for a duration of 5 years. The automakers can import EV vehicles of minimum worth, freight cost and insurance of $ 35,000 with benefit of this reduced import duty. However, the automakers have to make an investment of at least 500 million dollars to establish local production of EVs in order to obtain this benefit of import duty relaxation to 15 percent.

Discussion with Auto Industry stakeholders
This resolution of focus on R&D and separate production lines for EVs was taken after the meeting with auto industry shareholders in the previous week. The meeting was at the final round and the government decided to take an approach of investment in R&D as well as creation of separate specialized production lines for EVs in the existing production facilities.

Apart from this, companies are permitted to make an investment of about 500 million dollars in the new construction projects for EVs. The auto makers are supposed to make an investment in duration of three years from the date of approval under the SMEC. Only after following this criteria, the company can benefit from lower import duties. The requirement for investments in Research and Development is similar to the existing requirements of the Auto production-linked incentive (PLI) scheme.

The recent meeting was not attended by Vin Fast and Tesla. Despite this, several automakers such as Toyota, Škoda-VW, Hyundai, and Mercedes Benz India showcased liking for the scheme.

These interested automakers are quite worried about the amount of investment required for creation of specialized production lines for Electric Vehicles only. To make a big investment of amounts such as Rs. 4,000 crore, there should be a large-scale operation to make the project practical and successful. Automakers believe that investments in research and development will promote creation of advanced technology in Electric vehicles.

The reason for worries about the investment amount is due to 89,000 Electric vehicles being sold in India in the year 2023. The worth of these Electric vehicles were higher than Rs. 25 lakhs. This makes it difficult for local companies to make a large amount of investments. In midst of increasing disposable income levels of population and expansion of the Indian economy, the sales growth of Electric Vehicles is projected to hike at a quicker pace.

In conclusion, the Indian government aims to make sure that rising demand for Electric vehicles is fulfilled by local automakers only. The government also wants to build a favourable environment for production of advanced technologies and premium EV cars. To achieve these goals, it has implemented schemes like SMEC.

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Solid reason for GST reduction on two-wheelers

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Solid reason for GST reduction on two-wheelers
Autos, Business, Equities, Markets - January 16, 2025

Solid reason for GST reduction on two-wheelers

Solid reason for GST reduction on two-wheelers

CEO of Hero MotoCorp company, Niranjan Gupta stated that there is a solid reason for reduction of Goods and Services Tax (GST) on two-wheelers with engines of about 125 cc or less. These vehicles are not identified as luxury or harmful commodities. In contrast to this, these vehicles are considered as a means of transport for many people in the country. He further states that the government of India should focus in the direction of economic stability, investments and also long-term economic growth.

Although, GST is not the topic of the Union Budget discussion, he believes that lowering of GST to 18 percent in the two-wheeler’s vehicles with an engine of 125 cc or less compared to its current GST of 28 percent (for all two-wheelers) should be considered. The reason for this is these two-wheelers are most affordable and popular among the Indian population. Hero MotoCorp is considered as the largest manufacturer of two-wheelers in India. The company is not worried about the weakening demand in the urban auto market. It believes that this market’s consumption level has been unbalanced since Covid-19 pandemic.

Reasons
Reduction in GST will help two wheelers with engines of up to 125 cc to increase its demand in the market. This will be aided by the recovery of sales observed in the entry-level vehicles segment after a long period of slow demand.

The two-wheelers with engine less than or equal to 125 cc are not only non-sin and affordable goods but also creates employment. It plays a great role in creating indirect as well direct employment levels.

Gupta further states that policies of incentives or subsidies undertaken by the government should take into consideration the long-term perspective of growth. This will give business adequate time to adjust with the changes taking place in the economy due to implementation of government policies. He also states that the government’s focus on expanding employment generation projects should remain ongoing. This will help to create more employment opportunities for the population in the nation.

Shares of urban and rural consumption
After the pandemic, urban consumption played a significant role in taking the responsibility of growth in various segments. While rural demand was low back then. In recent times, rural demand has picked up the pace and is now in the returning phase. It has resulted in growth in consumption level between rural and urban areas more towards rural consumption. Due to this, there is a belief that urban consumption is weakening. It is important to understand that the urban area has played a major role in the proportion of consumption level till now.

The sales of Hero vehicles in urban areas had declined to 47 percent in the initial nine months of the current financial year compared to the 60 percent in the previous financial year.

The rural market consumption is able to exceed urban market consumption in recent months. This situation was particularly observed from the time of the festive season. Gupta stated that the growth in the rural market will act as an addition to the total growth in the two-wheeler industry of India. He further stated that the growth in rural consumption will be supported for the upcoming 6 to 8 quarters by factors such as good monsoons, high minimum support prices and also better kharif harvest season.

Gupta further states that rural consumption has taken some time to recover and it will lead to a positive impact on both the rural and urban market. Also, the economic growth will be observed at a range of 6 to 7 percent and supported by increasing capital expenditure. He thinks that overall growth will hike up in the near future.

Launch Plans of Hero MotoCorp
The company has decided to have a number of launches in the entry-level as well as premium two-wheeler segment to strengthen its position in the market. Along with this, the company is planning to launch its third EV scooter in the quarter of June.

To have success in sales and market share in the electric vehicle segment, one has to lead in terms of efficient cost structure. The company is working on its cost structure regarding electric vehicles and functioning without subsidies. As the company has considered the potential action of termination of subsidies for EV in the next few years.

The Hero Motocorp is focused on export as well as local sales. It is taking steps towards creating products which are customised according to the different needs of various markets. The company will also invest its funds in the top 10 global markets in the world. Gupta states that international business is one of the growth factors. Today, the company has its presence in around 48 countries in the world.

The company announced its entry in Brazil and is making efforts to establish their presence. It has also started its work in the Philippines and it is considered as the company’s entry in the Southeast Asian market. The company is also making progress in countries such Bangladesh, Mexico, and Colombia. Overall, this expansion has led to an increase in growth close to 40 percent in the international business. This growth is recorded in the initial nine months of the current financial year, along with a rise in the market share.

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Strong Consumer Sentiment Boosts Automobile Dispatches by 12% in 2024

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Navratri Demand + GST 2.0: How India’s Auto Sector Hit New Heights
Autos, Business, Equities, Markets - January 15, 2025

Strong Consumer Sentiment Boosts Automobile Dispatches by 12% in 2024

Strong Consumer Sentiment Boosts Automobile Dispatches by 12% in 2024

Due to strong consumer sentiment that supported the strong demand for two-wheelers, automobile dispatches from firms to dealers increased by 12% last year compared to 2023, the industry group Society of Indian Automobile Manufacturers (SIAM) said on Tuesday. In 2024, total wholesales across all categories increased by 11.6% to 2,54,98,763 units from 2,28,39,130 units in 2023.

2024 has been a rather excellent year for the auto sector, according to a statement from Shailesh Chandra, President of the Society of Indian Automobile Manufacturers (SIAM). He added that the macroeconomic stability of the nation and favorable consumer attitudes contributed to the sector’s reasonable development across all vehicle segments.

Two-wheeler segment was the growth driver
According to SIAM, the two-wheeler segment was the main driver of last year’s growth, increasing by 14.5 percent in 2024 compared to the previous year. When compared to previous year’s dispatch of scooter, bike, and model figures, 2024 witnessed a hike of about 14.5% in 2024. Previously the figure dwelled at 1,70,75,432 units in 2023 but now has improved significantly to 1,95,43,093 units. Further, scooter sales have improved and increased to a healthy 20% year on year in 2023. Coming to motorcycle dispatches, there is a 12% bump year on year when compared to the previous year figures.

Passenger vehicle and three-wheeler segment saw a significant hike in sales
With sales of almost 43 lakh units, passenger cars increased by 4% in 2024 over 2023, as per the SIAM report. In a similar vein, three-wheelers saw a 7% increase in 2024, selling 7.3 lakh units. Though there are indications of improvement in the third quarter of 2024–2025, commercial vehicles saw a minor decline of 3% in 2024 compared to the previous year, with sales of 9.5 lakh units. When compared to last year’s figures, passenger car dispatches to dealers saw a significant uptick of about 10% in December of last year, compared to 2,86,390 units in December of 2023.

Further, dispatches of three-wheelers increased from 50,947 units in December 2023 to 52,733 units last month. According to SIAM Director General Rajesh Menon, passenger cars, commercial vehicles, and three-wheelers recorded their highest-ever sales in the October–December quarter. According to him, passenger car sales in the third quarter of 2024–2025 increased by 4.5% to 1.06 million units, up from the previous year.

Additionally, two-wheeler dispatches increased by 3% in the third quarter of 2024–25 compared to the same period last year, registering sales of 4.9 million units, while three-wheeler sales increased somewhat, reaching 1.89 lakh units. Finally commenting on commercial vehicle sales in this quarter, Menon added that the sales of commercial vehicles increased slightly by 1% when compared to the same period last year.

Major Trends in the automobile industry
With 2.5 crore cars sold last year (four-fifths of which were two-wheelers) and a comfortable growth rate of 11.6%, the Indian auto industry appears to be unaware of the economy’s problems or even the EV juggernaut. In fact, the number of sports utility vehicles (SUVs), the most aspirational category, has increased by about 17%, from 23.5 lakh to 27.5 lakh.

Nevertheless, the fall has greater consequences for the automakers than the rise. Perhaps more intriguing than the rise in SUV sales is the segment at which this surge has occurred: sedans. Traditionally, the auto industry’s poster boys, the standard sedan and small vehicles (hatchbacks), have suffered the most since SUVs have become the preferred choice for consumers. As a result, the number of passenger automobiles sold fell from 16 lakh in 2023 to just 13.7 lakh last year, a 14.4% decrease.

Motorcycles are another traditional category that is struggling with change. Although it ended the year with an 11.9% rise, it is far less than the nearly 20% growth scooters achieved in the same time frame. In reality, motorcycle sales actually decreased by about 2% during last year’s holiday October–December quarter, which is typically the time with the highest sales, while scooter sales increased by 13.6%, from over 15 lakh to 17 lakh.

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Railway Sector’s Budget Allocation and Stock Performance: Insights for Investors

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MRF Q1 FY26: Revenue Up, Profits Down on Margin Pressures
Automobile News, Autos, Business, Equities, Markets - January 13, 2025

JLR Leads Tata Motors’ Q3FY2025 Recovery, But Domestic Challenges Persist

JLR Leads Tata Motors’ Q3FY2025 Recovery, But Domestic Challenges Persist

Jaguar Land Rover Ltd (JLR), the global subsidiary of Tata Motors Ltd, has shown signs of recovery in Q3FY2025, driven by improved wholesales and a better product mix. However, challenges in Tata Motors’ domestic business and uncertainties in the global auto market may limit the upside.

JLR: A Positive Turnaround in Q3FY2025
After a subdued performance in the first half of FY2025, JLR’s wholesales grew by 3% year-on-year (YoY) in Q3FY2025, reflecting an improvement in demand across key developed markets. While demand for premium and luxury vehicles remained tepid in retail channels, higher wholesale dispatches and an improved average selling price (ASP) indicate better revenue and profitability prospects.

Regionally, JLR’s performance was bolstered by strong demand in the US and parts of Western Europe. However, challenges persisted in the UK and China, where demand moderated. An increase in the contribution of JLR’s power brands to 70% of total sales, up from 64% six quarters ago, highlights a favorable shift towards premium models, which bodes well for margins.

Supply-side constraints that impacted JLR in earlier quarters have eased, as evidenced by reduced inventory levels and higher dispatches. Analysts anticipate a sequential improvement in JLR’s EBITDA margin for Q3FY2025, though it may still lag YoY levels. Importantly, the company remains on track to achieve £1 billion in free cash flows (FCF) for FY2025, supported by a net-cash balance sheet—a significant positive for Tata Motors’ consolidated financials.

The premium product mix in JLR’s sales continues to boost profitability prospects. As JLR’s power brands increasingly dominate the sales portfolio, the company benefits from higher margins. This trend, along with easing supply constraints, has led to improved inventory management. Analysts believe that these positive developments mark a crucial step in rebuilding investor confidence.

Domestic Business: A Mixed Bag
While JLR’s revival brings optimism, Tata Motors’ domestic operations face headwinds. The commercial vehicle (CV) segment has seen flat volume growth, reflecting a challenging demand environment. Meanwhile, Tata Motors’ passenger vehicle (PV) business has been losing market share, with electric vehicle (EV) sales failing to meet expectations amidst rising competition.

The domestic PV market is undergoing a significant transformation, with multiple new entrants and rising competition in the EV space. Tata Motors, despite its early lead in EVs, faces challenges in maintaining its growth momentum. Increased competition from both established players and startups is pressuring market share. Additionally, the company’s focus on expanding EV offerings has yet to deliver the desired results in terms of volume and profitability.

In the CV segment, economic factors such as rising interest rates and uneven demand recovery are limiting growth. Infrastructure development and government spending on large projects, which typically boost CV sales, have been slower than anticipated. Consequently, Tata Motors’ CV business has struggled to deliver strong results this quarter.

Consolidated Outlook: Recovery with Caution
Improved operating leverage in JLR and the standalone entity is expected to drive a recovery in Tata Motors’ Q3FY2025 consolidated profit margins and net profit compared to Q2FY2025. However, the path to sustainable growth will hinge on several factors:

Global Luxury Auto Market: The global premium car market’s recovery remains uneven, with concerns around whether discounts will be needed to stimulate demand in 2025. Prolonged economic uncertainties and geopolitical risks could further impact consumer sentiment in key markets like Europe and the US.

EV Ramp-Up: Both JLR and Tata Motors’ domestic EV businesses need to accelerate growth to capture emerging opportunities. JLR’s transition to electric models will require significant investments and strategic partnerships to ensure competitiveness in the evolving global market.

Macroeconomic Uncertainty: Changes in US policies on duties, taxes, and oil prices could impact demand dynamics in key markets. Rising energy costs and inflationary pressures could further complicate the operating environment for global automakers.

While JLR’s progress in Q3FY2025 is encouraging, sustaining this momentum will require consistent execution and strategic clarity. Tata Motors must address its domestic challenges while leveraging JLR’s global recovery to build a stronger consolidated performance. The coming quarters will be critical in determining whether Tata Motors can achieve sustainable growth and enhance shareholder value.

Tata Motors’ ability to navigate these challenges will define its performance in 2025 and beyond. Its strategic focus on premium vehicles, EV transition, and operational efficiency will be key to overcoming headwinds and delivering long-term growth. Investors and stakeholders will closely monitor the company’s efforts to address domestic market weaknesses while capitalizing on JLR’s improving trajectory in global markets.

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Upcoming Budget: Real estate Industry seeks Stamp duty cuts and revised home loan limits

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Equity Right Honored as “Best Wealth Management and Investment Banking Firm” at Times Leading Icons Awards 2024
Autos, Business, education, Equities, Market News, Markets, Real Estate, Research - December 23, 2024

Equity Right Wins "Best Wealth Management and Investment Banking Firm" at Times Icons Awards 2024

Equity Right Wins “Best Wealth Management and Investment Banking Firm” at Times Icons Awards 2024

Equity Right, a distinguished boutique Portfolio Management Services (PMS) firm, has added another feather to its cap by winning the prestigious “Best Wealth Management and Investment Banking Firm” award at the Times Leading Icons Awards. The award was presented to Mr. Gaurav Daptardar, Founder and Director of Equity Right, by Miss World 2017, Manushi Chhillar, at a grand ceremony held at Novotel, Andheri.

This recognition is a testament to Equity Right’s unwavering commitment to excellence, innovation, and delivering personalized financial solutions that empower clients to achieve their financial aspirations.

About the Times Leading Icons Awards
The Times Leading Icons Awards celebrate entrepreneurial excellence and achievements across diverse industries, spotlighting individuals and organizations that shape the future. The 2024 edition brought together leaders and innovators who have made significant contributions to their respective sectors. Among them, Equity Right was lauded for its stellar performance in wealth management and investment banking, solidifying its reputation as a trusted name in the financial services industry.

A Rigorous Selection Process
Equity Right’s achievement was the result of a meticulous and transparent selection process led by Advance Insights. The assessment combined secondary research, factual surveys, and feedback analysis to identify the most deserving winners. The evaluation criteria encompassed:

  • Growth trajectory and business performance
  • Customer feedback and satisfaction
  • Social media presence and engagement
  • Industry recognition and thought leadership

Nominees were assessed through detailed questionnaires, telephonic interviews, email correspondence, and personal visits. Social media profiles and client reviews played a pivotal role in validating the firm’s eligibility. Based on a comprehensive scoring mechanism integrating factual data and qualitative insights, Equity Right emerged as the top performer in its category.

A Decade of Excellence in Wealth Creation
Over the past decade, Equity Right has established itself as a leading player in the financial services industry. The firm’s impressive 27% compound annual growth rate (CAGR) on client portfolios highlights its ability to deliver superior results while prioritizing long-term value creation.

Operating across several key verticals—Investment Banking, PMS, Merchant Banking, and Investor Relations—Equity Right has consistently demonstrated its commitment to client-centric strategies. Its expertise in equity research and financial market navigation has enabled clients to achieve sustainable growth, reinforcing the firm’s standing as a trusted partner in wealth creation.

Looking Ahead
This recognition underscores Equity Right’s role as a frontrunner in the financial sector and its dedication to excellence. As the firm continues to innovate and expand its services, it remains committed to helping clients achieve financial success through bespoke strategies, cutting-edge solutions, and unmatched industry expertise.

“This award is a reflection of our team’s hard work, dedication, and passion for delivering exceptional value to our clients,” said Mr. Gaurav Daptardar. “We are grateful for this honor and remain steadfast in our mission to empower clients in their journey toward financial growth and stability.”

About Equity Right
Equity Right is a boutique Portfolio Management Services firm specializing in wealth management, investment banking, and equity research. With a focus on personalized financial solutions and sustainable growth, the firm has become a trusted name in the financial sector, consistently delivering outstanding results for its clients.

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TCS Unveils Pace Studio in Philippines to Boost Digital Innovation

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Maruti Suzuki's new facility faces short delay; 2025-26 production kick-off
Automobile News, Autos, business update, Expert Views, Market News, Markets - January 4, 2024

Toyota's Bid to Badge Engineer Jimny and Swift Faces Rejection from Maruti Suzuki

Toyota’s Bid to Badge Engineer Jimny and Swift Faces Rejection from Maruti Suzuki

Maruti Suzuki has firmly rejected Toyota’s proposal to badge engineer two of its iconic models, the Jimny and Swift, citing their integral role in the brand’s identity. While the two automakers have previously collaborated successfully on models like the Baleno and Glanza, Ertiga and Rumion, and Grand Vitara and Urban Cruiser Hyryder, Maruti Suzuki is adamant about retaining exclusivity for the Jimny and Swift.

Toyota had expressed a keen interest in creating its versions of the popular Jimny and Swift, envisioning a Toyota-badged Jimny as an affordable 4×4 alternative to the relatively expensive Fortuner. Despite a recent decline in Jimny sales, Maruti Suzuki remains committed to preserving the iconic status of these models, emphasizing that core brand identity models are not meant for sharing.

The Swift, a consistent best-seller for Maruti Suzuki, averages over 17,100 units sold monthly. Toyota, having only retailed Maruti Suzuki’s premium Nexa products under its own brand, saw potential for significant sales growth by introducing a Toyota-badged Swift. The Glanza and Rumion, both badge-engineered Maruti models, currently contribute 25 percent to Toyota’s total monthly sales.

Maruti Suzuki drew a parallel between the request for Toyota to badge engineer the Jimny and Swift and asking the same for the Land Cruiser, highlighting a shared commitment to respecting core models defining their brand identity.

Rumors about Toyota’s plans to rebadge both the Jimny and Swift had surfaced soon after the Jimny’s launch. Suzuki declined the offer, stating that both models are integral to the brands’ DNA, and sharing them would dilute their iconic status. This decision impacted Toyota’s potential benefits in the Indian market, as a rebadged Jimny could have served as an affordable 4×4 SUV option.

The Swift, a consistently popular hatchback, could have further boosted Toyota’s monthly sales. Currently, rebadged Baleno and Ertiga models contribute 25 percent to total sales. If the Swift were added, it could potentially add another 25 percent. Although the Jimny faces pricing challenges in India, Maruti Suzuki has implemented discounts and introduced a Thunder Edition to stimulate sales.

In addition to this development, Maruti Suzuki is actively working on an electric vehicle (EV) expected to launch next year. Toyota is also set to receive a different version of this EV, likely an SUV comparable to the current Grand Vitara, with pricing estimated between Rs 20-25 lakh. This collaboration exemplifies the ongoing partnership between Maruti Suzuki and Toyota in developing diverse automotive solutions.

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Strategic Partnerships Fuel One97’s Financial Turnaround

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MRF Q1 FY26: Revenue Up, Profits Down on Margin Pressures
Automobile News, Autos, Business, Editorials, Expert Views, Market News, Markets - August 27, 2023

Auto industry needs to provide flexi-fuel vehicles at various price points to accelerate blended fuel technology adoption .

Auto industry needs to provide flexi-fuel vehicles at various price points to accelerate blended fuel technology adoption .

In an event organised by the auto industry body, the Society of Indian Automobile Manufacturers [SIAM], the union ministers of petroleum and natural gas and housing and urban affairs stated that the Indian automobile industry needs to provide flexi-fuel vehicles at various price points quickly to accelerate the adoption of blended technology.The government will provide comprehensive support from the supply , policy and demand side for the sale of the flexi-fuel E10, which is a blend of 10 percent ethanol with the petrol, and the E20, which is a blend of 20 percent ethanol with the petrol.

Vehicles are the auto industry’s viable business proposition;

we need more options at various price points, including two-wheelers and three-wheelers, and we need them quickly. Hardeep Singh Puri, the minister for petroleum and natural gas, as well as housing and urban development, used the launch of Toyota’s first-of-its-kind pilot project on the flexi-fuel [FFV-SHEV] that can run on 100 percent ethanol in India last week to demonstrate how things are progressing on the blended fuel front.He also said the government is ready from the supply side to launch the E20 .

The union minister, Nitin Gadkari, launched this first pilot project on flex fuel strong hybrid electric vehicles [FFV–SHEV] on October 20, 2022 . which has been imported from Toyota Brazil for the pilot project . FFVs allow for greater ethanol substitution of gasoline because they can use any of the higher ethanol blends ranging from 20 percent to 100 percent.An FFV-SHEV has a flex-fuel engine and an electric power train, providing the dual benefit of higher ethanol use and greater fuel efficiency, as it can run in its EV mode for extended periods of time while the engine is turned off.

Target achievement:

Achieving the E20, which is blending with petrol by 2025, would help India save foreign exchange by about Rs 30,000 crores per annum . Hardeep Singh Puri also said that India will push for an international biofuel alliance when it assumes the presidency of the G20 in December this year .

Further , he said, we will utilise our G20 presidency to try and set up an international biofuel alliance . The number of petrol pumps selling bio fuels has more than tripled, from 29,897 in 2016-2017 to 67,641 in 2021-2022.He also says in his statement the India’s ethanol demand is poised to grow to 10.16 billion litres by the year 2025 . and also expanded the excise duty waiver for biofuels and will always consider how to prepare this even further in the future .

 

 

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Automation key to post pandemic production
Autos, Hot Auto Threads - July 21, 2022

Automation key to post pandemic production

Automation key to post-pandemic production

The COVID-19 pandemic has an adverse effect on the entire economy.

The Cairn Oil’s Barmer plant which was managed by more than 7,500 employees on site reduced to 1,500 employees as the pandemic led to the lockdown of many manufacturing plants worldwide. Still, the oil and gas plant could recover 1.6 lakh barrels of oil every day. Before the pandemic, they used to recover 1.8 lakh barrels every day. This decrease in number is because of the low demand and not because of the labor shortages.

Still Cairn can manage the production because of its investment in automation and digitization.
The chief digital officer of Cairn, Anand Laxshmivarahan said that the organization will be focusing on cost optimization post-COVID-19. Do the companies will be willing to invest only in automation.

Companies like Tata Steel, Mahindra, Toyota, Tata motors, Maruti, etc. have ample methods to automate their product lines.

The government has set norms and guidelines for the company to operate amid lockdown such as companies must screen the temperature of the employees, provide them with protective hand gloves, provide them with additional medical insurance, employees should follow social distancing norms while working, etc has led the companies to think about employing machines than men.

 Mahindra & Mahindra’s Chief Human Resource Officer, Rajeshwar Tripathi says that the use of robots has significantly helped the automobile sector to grow. The company has already automated the body shop, the paint shop and some of its final assembly line.

Tata Steel, Vice President, HR, Suresh Tripathi said that Tata Steel employs thousands of contract workers for maintenance of machinery. Instead of that they can use sensors that can estimate the problem well in advance.

Ceat, HR Head, Milind Apte also has mentioned about adopting digitisation and automation.

In the long run automation will prove to be profitable and will generate greater return on investment and will also prevent such shutdowns. Automation although leads to less number of manpower, it will also need new set of skilled people.

 

 

 

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Tata Motors Revamps EV Strategy to Reclaim Leadership in Indian Market
Automobile News, Autos, Markets, Research Corporate Trends - July 19, 2022

Tata Motors, Jaguar Land Rover Q1 sale at 78825 units down by 37%.

TATA MOTORS, JAGUAR LAND ROVER Q1 SALES AT 78,825 UNITS, DOWN BY 37%.

Tata Motors reported on Thursday a decline of 37% in retail sales at 78,825 units or Q1 FY2023. The sales were broadly flat for March quarter. This was mainly due to shortage in semiconductor, COVID-19 lockdowns in China and transition in model of Range Rover.

Jaguar brand sales went down by 48% in April-June period of 2022. On the other hand sales of Land Rover were at a low of 33% at 63,618 units. JLR mentioned in a statement that despite of a strong order book the sales continue to decline. This is due to shortage of chip globally. It was compounded by the run out of Range Rover Sport model, with deliveries which were about to start got impacted by Covid-19 lockdowns in China.

When compared to March quarter the retail sales were better in UK by 10% and 49% up for Europe. The sales however decreased in China by 5%, North America by 30% and other places by 10. This indicates the transition to new models and carriage time to these places. The chairman said to the shareholders that Tata Motors expects a better second half of the current year to be better. The company estimates sales of overall 500,000 cars in FY2023.

The demand for Commercial vehicles and Passenger vehicles remains strong regardless of ongoing geopolitical and supply chain and inflation concerns. The shortage of semiconductors is improving step by step and the prices are stabilizing which
However JLR continues to observe strong demand for its commodity. The company added that they have already added up around 32,000 orders in March 2022 and have grown their order book by almost 2 lakh units. As per the company demand for new Range Rover it at 62,000 units and similar trend is seen for new Range Rover Sport and Defender. The order book for Range Rover Sport it at 20,000 units and is 46,000 units for Range Rover Defender.

Auto insurance. What you need to know.

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