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Showing posts from March, 2023

The Shift to BS6-II Emission Norms in April 2023: Impact on Automobile Industry and Consumers.

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  The Indian automobile industry is set to undergo a significant change with the implementation of the new BS6-II emission norms from April 2023. The key change is the adoption of Real Driving Emissions (RDE), which requires real-time monitoring of a vehicle’s emission levels, and the implementation of an Onboard diagnostics device (OBD-2) for testing in actual-world conditions. The transition will also involve changes in the hardware and software of vehicles, including an upgrade in semiconductors. The estimated cost impact of the transition is expected to be lower than the previous transition to BS6 stage 1, with passenger vehicles seeing a cost increase of INR 10,000 to INR 50,000 depending on the model and engine capacity. Commercial vehicles are expected to increase in price by up to 5.0% , with entry-level 2-wheelers being impacted more due to transition-led costs .   In the face of persistent inflation, consumer discretionary spending has been stressed, and the auto...

Electric Vehicles Spark a Sustainable Revolution in India : More than 2,170,000 EVs registered in India; Uttar Pradesh tops list

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India has been making significant strides in the electric vehicle (EV) industry, with over 21.70 lakh EVs being registered in the country. Uttar Pradesh tops the list with 4,65,432 registered EVs, followed by Maharashtra and Delhi. These figures are a testament to the country's growing interest in EVs as a cleaner and more sustainable mode of transportation. The Ministry of Heavy Industries has been instrumental in promoting EVs in India. The government has provided incentives to buyers and manufacturers of EVs through three schemes, including the FAME India Scheme, which provides incentives to buyers of EVs in the form of an upfront reduction in the purchase price. The PLI Scheme for Automotive Sector, approved by the government in September 2021, with a budgetary outlay of Rs 25,938 crore, also supports domestic manufacturing of vehicles, including EVs.     These schemes have led to a significant increase in sales of EVs in India, with total sales in 2022 standing at ...

Indian Automobile Industry

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  The Indian automobile market is one of the largest in the world, both in terms of sales volume and production. Talking about historical roots of the car market in India, the first time that a vehicle came on road was in 1897. Till 1930, India did not have any manufacturing facility and cars were imported directly from other countries. The landmark decade in the manufacturing process was that of 1940s, in which Indian companies like Hindustan Motors and Premier started to manufacture cars of other firms. During the same decade,  Mahindra  & Mahindra also started to produce utility vehicles. Soon after independence 1947, Government of India tried to create an automotive component manufacturing industry in order to supplement the automobile fraternity. From 1960 to 1980s, the Indian market was dominated by Hindustan Motors, which gathered a large amount of share due to its Ambassador model. However, during 1950s till 1960s, the overall industry moved at a slow pace due...

world automobile history

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The history of automobiles can be traced back to the late 19th century when the first gasoline-powered internal combustion engines were developed. Since then, the automobile industry has come a long way and has had a significant impact on transportation, manufacturing, and the global economy. In the early 20th century, automobiles were primarily a luxury item reserved for the wealthy. However, with advancements in technology and mass production techniques, the industry saw significant growth in the post-World War II era. Some of the key milestones in world automobile history include the invention of the assembly line by Henry Ford, which revolutionized automobile production and made cars more affordable for the average person. The 1950s saw the introduction of tail fins and other design elements that became iconic symbols of American automobiles. In the 1970s, the oil crisis and growing concerns about pollution led to increased demand for more fuel-efficient and environmentally friendl...