As per the data reported by SIAM in the Auto Industry Sales Performance, the total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles in April 2021 was 1,875,698 units.

Aiming to transform the last mile delivery logistics in the country, Omega Seiki and Log 9 Materials have joined hands to produce rapid charging batteries for three-wheelers.

This lecture part of SIAM’s ‘Walk the Talk’ campaign, highlighting the importance of design, development, testing and homologation aspects of hybrid and electric vehicles.

According to Deepak Jain, President, ACMA, the collaboration will promote localisation of auto components, reduce the import of substandard components and make the industry prices globally competitive.

The Honda Motorcycle and Scooter India Pvt Ltd (HMSI) will be bringing in 100 associates to a new business vertical with the intent to increase its export volume of two-wheelers from India.

According to a recent report by EY, the pandemic has exerted excess pressure on smaller auto component suppliers by causing late payments, shorter cash cycles, and increased outstanding payment periods

This measure would enable FAME II eligibility certificate of electric models valid for 1 year from each of the model’s last date of certification instead of earlier case of validity which was FY wise.

Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader.

Reduction in the GST rates from 28 to 18 per cent for a limited period and an incentive-based vehicle scrappage policy would have made a less painful revival.