RELIANCE TWO WHEELER PACKAGE POLICY
India's EV plans to get a policy boost as govt may fast-track 3 big-ticket schemes
The Indian government plans to fast-track three major electric vehicle schemes in its first hundred days, including incentives for local battery production and electric bus procurement under FAME 3. Aimed at boosting clean mobility, these initiatives aim to propel India towards net-zero goals amid rising global demand for EVs.
FADA plans to take up issue of high inventory with SIAM
The Federation of Automobile Dealers' Association (FADA) expressed concerns over high inventory levels and plans to discuss the issue with the Society of Indian Automobile Manufacturers (SIAM). FADA President Manish Singhania highlighted challenges faced by dealers, emphasizing the need for continuity in policies like FAME-3 and infrastructure development. Singhania noted that high inventory levels can impact dealerships negatively, especially if they exceed 30 days. He urged for collaboration with SIAM to address the issue and emphasized the importance of maintaining manageable inventory levels to avoid a repeat of the challenges faced in 2018-19.
FMCG and consumer durables poised for growth : Trideep Bhattacharya
I think the market has taken comfort over the last few days since the election result has come out, until yesterday that the ministries have been announced that broadly speaking the policy directive is likely to remain the same.
Uber ups hyperlocal deliveries as quick commerce takes off
Delivers prepaid items from kirana stores; offers service in NCR, Bengaluru, Chennai, Hyderabad, Jaipur, Lucknow, Kolkata, Guwahati and Ludhiana
Transformative policy initiative
For startups spearheading indigenous EV solutions, this presents an invaluable opportunity to leverage global expertise and expedite technological advancements toward localised production under the Make in India initiative. Nevertheless, while the new EV policy marks a significant stride forward, challenges persist on the road ahead.
Should Tata, Mahindra, and other Indian automakers worry about Tesla & co.
M&M and Tata Motors had in the past advised govt not to lower import duty on electric vehicles and protect domestic firms and their foreign investors. However, DPIIT Secretary Singh said the balanced EV policy's aim to boost the Indian electric vehicles market with import duty concessions for global players like Tesla, ensuring stringent norms and limited imports to benefit domestic manufacturers.
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Rapido’s two-wheeler contract carriage permit request rejected by Karnataka transport minister
Bengaluru-based bike taxi and auto aggregator Rapido urged the state to adopt a comprehensive approach in line with the provisions of the Motor Vehicle Act and the recent advisory from the Road Transport and Highways ministry on granting contract carriage permit to two-wheelers.
No FAME, no growth: Ather Energy CEO has a warning on EV subsidies
In June last year, the central government has already reduced the subsidy amount on electric two-wheelers to Rs 10,000 per Kwh from Rs 15,000 per Kwh. It also reduced the maximum subsidy cap of 40 per cent of the ex-factory price of the vehicle to 15 per cent.
Smart Charging: Paving the way for an intelligent and efficient two- wheeler EV Landscape
As the demand for electric bike tends to grow so does the need for smart charging stations. The Ministry of Power reports that there are currently 1640 active public EV chargers in India. However, as the population grows, so will the demand for EVs, leading to a simultaneous increase in the need for charging stations.
We will build, not burn, our way into the future, says Bajaj Auto MD Rajiv Bajaj
"Over the last 20 years, Bajaj Auto has successfully executed two significant transformations - from being a scooter licensee to becoming a motorcycle innovator, and from being a domestic player to becoming a global powerhouse. During both these endeavours, we have demonstrated the ability to balance change with stability, and growth with profitability," says Bajaj Auto's MD Rajiv Bajaj
Tiny electric vehicles pack a bigger climate punch than cars
The big shift to tiny electric vehicles is underappreciated in the United States and Europe, where, despite the popularity of electric bicycles and scooters, the focus has been mainly on cars. The global majority, though, doesn't roll on four wheels.
Delhi govt postpones implementation of odd-even scheme as AQI levels subside
The Delhi government has postponed the implementation of the odd-even policy in the capital due to improving air quality index after overnight rains. The AQI, which was 450+, has now reached around 300. The decision to implement odd-even from November 13 to 20 has been postponed, and the situation will be analysed again after Diwali.
Unlock the road to secure celebrations: A comprehensive guide to motor insurance this festive season
As the festive season approaches, whether you're welcoming a new vehicle into your life or your motor insurance renewal is due, don't delay this prudent decision.
Tata and Vedanta offer India lessons in industrial policy
Business diversification and revitalization is the right direction for Indian business. But industrial policy needs to be based on what makes sense, not what makes headlines.
Navratri bets: Accumulate Policy Bazaar and SRF, says Sanjiv Bhasin
Sanjiv Bhasin, Director at IIFL Securities, recommends accumulating PB Fintech (Policy Bazaar) at Rs 700-730, with a target of Rs 1,400 in the next year. He also suggests accumulating SRF at Rs 2,230-2,250, with a target of Rs 3,000 by next Navratri. Bhasin believes insurance and cross-selling opportunities make PB Fintech a must-have stock, while SRF is expected to outperform due to its diverse businesses. Additionally, Bhasin recommends investing in Idea at Rs 22-25, Reliance at Rs 2,750-2,800, and Paytm at Rs 850-900. He also suggests Tata Steel, Hindalco, and Devyani International as Navratri picks.
Reliance to roll out swappable batteries for electric vehicles
The company is demonstrating the integrated energy ecosystem --- the battery technology in an electric two-wheeler, swappable battery and charging station that is capable of charging the batteries using both solar power and electricity at the Renewable Energy India Expo, the two-day show that begins in Delhi on Thursday.
India’s trade policy is working great — for Vietnam
Elsewhere in Asia, the contest is about semiconductors, the high-value heart of communication, transportation, artificial intelligence, and a lot else besides. From Thailand to Singapore and Malaysia, several countries are now in the fray to shift the locus of front-end chip manufacturing from East to Southeast and South Asia. India is trying tostep on that ladder via packaging and testing. While those plans are yet to bear fruit, cheap labor has already made the nation an upcoming rival to Vietnam in a low-value-added activity like assembling electronics parts.
Amid monsoon mayhem and flood crisis, here’s how health, home, and motor insurance can help you secure your life, property, and vehicle
As climate change continues to disrupt weather patterns and intensify monsoon rains, it is essential to be prepared for the potential consequences. The destructive power of heavy rains, floods, and landslides can cause immense damage to life, property, and vehicles and lead to health risks. By securing health, home, and motor insurance, you can protect your assets from the financial burdens associated with such emergencies.
Indian truckmakers eye electric as one way to tackle pollution
Last month, Ashok Leyland announced plans to build autonomous electric trucks for Indian ports. It’s also partnering with Adani Enterprises Ltd. and Reliance Industries Ltd. to launch hydrogen fuel cell vehicles, and is investing Rs 1,200 crore ($146 million) in its electrical vehicle subsidiary Switch Mobility.
DE(FAME)D: How the subsidy fiasco is short circuiting the FAME II policy
The government's decision to withhold subsidies, threats of retrospective penalties on close to a dozen “erring” companies have also exposed the fault lines of overestimating India’s true manufacturing prowess while simultaneously giving out a warning signal to all private players who have been relying on various ongoing subsidy schemes that one may receive funds only to be asked to give it back by those very risk averse bureaucrats who had handed over the cheques to them in the first place.
Automobile industry seeks 5% GST for 2-wheelers running on flex fuel, official says
The automobile industry in India has requested a 5% Goods and Services Tax (GST) on two-wheelers running on flex fuel, similar to electric-powered vehicles. In addition, industry stakeholders have asked for a price guarantee on fuel for flex fuel vehicles (FFVs), with a 35% lower price than E10 fuel to offset the loss in fuel efficiency. This comes as the government aims to reduce oil imports and provide farmers with an additional source of income.
Dipan Mehta on why Page Industries is falling & what could be the multibaggers in next 7-8 years
Elixir Equities Director, Dipan Mehta, argues that new age companies such as Zomato, Policy Bazaar, Nykaa, and Paytm are stocks of the decade of the 2030s and could be huge multibaggers over the next 5-10 years. However, these companies are still in their investment phase, which reflects in their P&L, although they are making strong efforts to get into EBITDA positive. Regarding concerns about Page's decline, Mehta suggests that a demand slump due to higher inflation and uncertainty around weather patterns may have impacted Page industries.
The FAME scheme: Accelerating change in India’s two-wheeler industry
The excessive dependence on imported fuel does not bode well for the Indian automotive industry and its stakeholders (essentially, all Indian citizens), as the consumption of fossil fuels has several adverse effects.
Exclusive: Three-wheeler EV makers seek 50% hike in government subsidy; ADIA picks up 10% stake in Lenskart
Currently, three-wheeler makers receive a subsidy of Rs 10,000 per kilowatt hour (kWh) and have asked that the sops be hiked to Rs 15,000 per kWh under the FAME-II policy.
Our goal is to make a Rs 1000 crore profit by 2027: Yashish Dahiya, PB Fintech
I think usually the bottom decile should worry, not the top decile. And there is no reason why the top decile will not keep getting more and more efficient. Now a lot of people confuse this with mutual funds or something else.
Why do Adani stocks show such a volume surge? Sandip Sabharwal explains
"Insrance companies will get a hit from Budget moves. Most of the companies have come out and said that the hit on them might be marginal but some of the insurance brokers I talked to, were quite negative on this move because a lot of money in high value gets deployed in insurance for taxation benefit purposes. Growth could slow down in the near term."
The promise two big budget numbers hold for the economy
The onus for economic growth has solely been on the government for quite some time. Despite its persistent efforts, private companies are not willing to invest more money, jobs remain a problem and consumer demand stays limp.
Jio-bp dealers seek changes to Co's policies, form association
Reliance Industries (RIL) and BP's fuel and mobility joint venture, Reliance BP Mobility (RBML), operates its fuel stations under the Jio-bp brand. Jio-bp fuel retailers in the west and the south have formed associations in their respective regions, and have demanded an increase in their commission, regular fuel supply, fuel price parity with PSU retailers, and a clean exit policy.
Electric two-wheeler sales remain tepid despite government subsidy: Icra
"The demand and volumes of e-2Ws have witnessed a very lackadaisical growth in recent years despite the government's thrust on adoption of electric vehicles (EV). Despite an unprecedented demand shock caused by the pandemic, the outlook for the e-2W remains largely unchanged in FY2021 due to a low base," the ratings agency added.
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