With unsold inventory and production cuts reflecting an automotive market slowdown, the Indian auto industry is upset with the National Democratic Alliance government’s ambitious targets for bringing in electric mobility in the two- and three-wheeler segments.
Auto-industry body the Society of Indian Automobile Manufacturers (SIAM) has said the proposal by the government’s policy think-tank Niti Ayog to ban sales of gasoline and diesel three-wheelers by 2023 and permit only electric two-wheelers in the sub-150cc category by 2025 will disrupt the industry, The Times of India reports.
Both SIAM and the Confederation of Indian Industries (CII) have said they do favor electric mobility but expressed concern over the haste with which the government was pushing it and called for consultation with industry stakeholders.
SIAM has argued that at present neither the frontline manufacturing industry nor the component suppliers have proper experience or expertise in electrical vehicles to make a successful switch in a couple of years.
Some industry experts pointed out that the costs involved in switching to electric were a major hurdle. They also cautioned against hasty localization and called for a practical approach without disrupting the auto industry.
The Indian auto market currently is in the process of switching over to more stringent Bharat Stage-VI emission norms, and SIAM claims the industry has cumulatively invested close to 800 billion rupees (US$11.51 billion) for that purpose.
The recent slowdown in the market has only added to the challenges. Many auto companies are facing a steep rise in unsold inventories and resorting to production cuts. The market is unlikely to pick up unless the forthcoming monsoon season is bountiful and demand during festival season is strong.
This is a topic close to my heart cheers, where are your contact details though?
Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.
Hello. excellent job. I did not anticipate this. This is a impressive story. Thanks!
Wonderful beat ! I wish to apprentice even as you amend your website, how can i subscribe for a weblog site? The account helped me a appropriate deal. I were a little bit familiar of this your broadcast provided bright transparent idea
This actually answered my problem, thank you!
My husband and i have been fulfilled John could deal with his investigations from your ideas he acquired using your site. It is now and again perplexing to simply always be making a gift of strategies other people have been selling. And we also understand we have got you to give thanks to because of that. The explanations you made, the simple website navigation, the friendships your site help to foster – it’s got everything impressive, and it is aiding our son and our family recognize that that issue is amusing, and that is incredibly fundamental. Thank you for everything!
You have brought up a very wonderful points, appreciate it for the post.
I do agree with all of the ideas you have presented in your post. They are very convincing and will definitely work. Still, the posts are very short for newbies. Could you please extend them a bit from next time? Thanks for the post.
Very good written article. It will be valuable to everyone who utilizes it, including yours truly :). Keep doing what you are doing – can’r wait to read more posts.
This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!
I do not even understand how I stopped up here, but I thought this submit was once great. I do not understand who you’re however definitely you are going to a famous blogger for those who aren’t already 😉 Cheers!
I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to construct my own blog and would like to know where u got this from. thanks
I like the valuable information you supply on your articles. I’ll bookmark your weblog and test once more here frequently. I’m relatively certain I’ll be informed plenty of new stuff proper here! Good luck for the following!
I’d should check with you here. Which is not one thing I usually do! I enjoy studying a publish that can make people think. Also, thanks for allowing me to comment!
Heya i am for the primary time here. I found this board and I to find It really helpful & it helped me out a lot. I’m hoping to offer something again and help others like you aided me.
I’ve been surfing on-line greater than three hours lately, yet I by no means found any fascinating article like yours. It is beautiful value sufficient for me. In my opinion, if all website owners and bloggers made just right content as you did, the web shall be much more helpful than ever before. “We are not retreating – we are advancing in another Direction.” by Douglas MacArthur.
Thank you for another magnificent post. Where else could anybody get that type of information in such a perfect way of writing? I’ve a presentation subsequent week, and I’m at the search for such info.
You can certainly see your expertise within the paintings you write. The arena hopes for even more passionate writers like you who aren’t afraid to mention how they believe. Always go after your heart. “History is the version of past events that people have decided to agree upon.” by Napoleon.
Hi are using Wordpress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you require any coding expertise to make your own blog? Any help would be really appreciated!
hello!,I really like your writing so much! proportion we keep in touch extra approximately your article on AOL? I need an expert on this space to resolve my problem. Maybe that’s you! Taking a look forward to look you.