Millennials’ preference for pre-paid cab services over purchasing a new car is majorly the reason behind this slowdown according to our Finance Minister. Finance Minister Nirmala Sitharaman has vocalised her presumption that factors like the upcoming BS6 upcoming norms and preference of millennials for cab aggregators like Ola and Uber over buying cars have affected … Read More
General News
2019 Motor Vehicles Act (Amendment) Aims To Make Roads Safer
The government has finally amended the long-overdue changes in the new Act. The Indian Parliament passed the Motor Vehicles (Amendment) Bill, 2019, on 1st September, that aims to make our roads safer. The new law seeks to tighten road traffic regulations and penalise defaulters. According to the Delhi traffic police, as much as 3900 challans … Read More
Prana Performance E-Bike To Be Launched By Ex-Tesla Engineer
Coimbatore-based Srivaru Motors will launch e-bikes in India soon; one of them will be the Prana e-bike. Day in day out we keep hearing about hybrids and electric vehicles. The government has also been passing laws that promote the usage of EVs and increase electric mobility. Though the phase will take quite a while for … Read More
Jaguar Land Rover To Use BMW’s Petrol & Diesel Engines
JLR and BMW have agreed to collaborate for petrol, diesel and hybridised drivetrains. Jaguar Land Rover (JLR) and BMW have shared a long history together ever since BMW first bought JLR from Ford in 1994. Also, quite recently the two companies came together to work on electric powertrains. Now, both automobile giants have decided to collaborate … Read More
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Government Plans To Exempt EVs From Registration Charges
Road ministry proposes exemption of registration fees for electric vehicles. As per the draft notification issued by The Ministry of Road Transport and Highways (MoRTH) on Wednesday, all EVs will be exempted from registration fees to boost the sales of electric vehicles in India. The proposed plan will apply to all the categories of electric … Read More
Electric Vehicle Deadline Concern For Bajaj & TVS
2023 deadline for electrifying 3-wheelers and the 2025 deadline for 2-wheelers will be a problem for Bajaj and TVS. Bajaj and TVS have both opposed the deadline to e-power 2- and 3-wheelers mandated by the government that is under consideration. TVS officials have said that the deadline is unrealistic for mass adoption of electric 2- … Read More
Manufacturers Stop Production For Days To Reduce Inventory
Manufacturing plants have been shut down for a few days to reduce inventory. Top manufacturers in the automobile industry have halted their production for the ongoing quarter for several days. This announcement has been done so that the companies could get rid of the unsold inventory and prevent the piling up of products. This move … Read More
Third-Party Insurance Price Increased For Cars & Bikes Both
The insurance authority has increased third-party insurance price for both 2-wheelers and 4-wheelers. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the increase of third-party motor insurance for this fiscal. This now means that the insurance rates have been increased by 21 percent for 2-wheelers and by 12 percent for private cars. … Read More
