Govt lowers the electric vehicle parts and components import duty from 15 to 30% bracket to 10 to 15% in order to promote domestic assembling of electric vehicles. The CBIC (Central Board of Indirect Taxes and Customs) has carved out a separate category for parts and components of electric vehicle for which customs duty has been lowered. The CBIC has removed customs duty exemption to battery packs for electric vehicles in order to boost “Make in India” initiative. Henceforth, import of battery packs for electric vehicles will attract 5 per cent tax. The new rates of duties have come into effect from from 30th Jan 2019. #autojobs4u #automotivejobs #EV

Digital media is playing an increasingly important role in determining purchase decisions of car buyers as per a study by Google Kantar TNS . The study also revealed that as consumer behaviour has been evolving, the number of visits to brick-and-mortar dealerships have dropped. The study tracked consumers’ car research and purchase journey and found that video, search and brand/dealer websites are the key digital touch points that play a crucial role in influencing a car-buyer’s decision. Key Findings: 90% Proportion of car buyers researching online for their purchase in 2018, up from 74% in 2016 67% of new car buyers research all the information within 2 months, from start to final purchase 20% of buyers decide within 2 weeks 80% usage of online video in the buying decision in 2018, up from 43% in 2016 7% instances of buyers switching brands in 2018, down from 11% in 2016 60% buyers searched for dealerships online 37% users look for promotional offers 41% users looked for main

Reduce GST on batteries from 18% to 12%. GST on all services related to charging (slow charging, fast charging, battery swapping) to be kept at 5 per cent, Rolling out of a time bound FAME II as it outlines everything from manufacturing to charging infrastructure to R&D to incentives. Society of Manufacturers of Electric Vehicles (SMEV) has demanded allocation of Rs 20,000 crore in the next two years for promoting EVs Impose a "notional green cess" on conventional vehicles Reduction in import duties on lithium ion cells, motors and motor controllers. To encourage Make in India, it has recommended an increase in import duty for fully assembled batteries, since there are local options available in India #autojobs4u #automotivejobs #GST #SMEV #India

SIAM (Society of Indian Automobile Manufacturers) has made following recommendation: - Rationalization of GST and bring the base rate to 18% for all types of vehicles - GST cess only for luxury vehicles and 5% GST for electric and fuel cell vehicles. -Status quo for CBUs of passenger vehicles and two-wheelers. -Customs duty for CBUs of commercial vehicles to be increased from 25% to 40% (excluding CKD/SKD of CV. -It is suggested that year wise plan for reduction of Income-tax rate for Corporates (without any linkage to turnover) should be notified and 200% weighted deduction on R&D expenditure should be restored. -The Government should one time incentivise replacement of vehicles, which were registered before the year 2000 when the first emission norms were introduced and put in place a robust Inspection & Certification regime to control such vehicles of later vintage. The incentives could be in the form of rebate in GST, No road tax, subsidized finance like what happened in

The company is planning to open Nippon Paint X’press centres which would provide body and paint repair and car care services to retail customers while cutting process times. The first X’press centre would be opened in Gurgaon. The whole painting system is green and eco-friendly that delivers express painting solutions, while complying to EU 2004 emission norms. #autojobs4u #automotivejobs #NipponPaint #X'press

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For the first time in 2018 the Indian market witnessed, 1200 deals worth $110 billion or Rs.71,000 crore as per Grant Thorton’s(GT) annual Dealtracker. M&A transactions were at $90 bn and PE at $20 bn. As per the GT report deals worth $ 60 billion were concluded in 2017, and $ 57 billion in 2016. This was an 80% jump over deal value in 2017.                          The on-going capital market and regulatory reforms, constant amendments to reforms like GST, Real Estate Regulatory Authority(RERA), Insolvency and Bankruptcy Code (IBC), and concrete efforts to improve ease of doing business in India are signs of increasing depth and maturity, making the Indian markets more attractive. Furthermore, the surge in the M&A deal activities was mainly driven by the objectives of consolidating by expanding the market share, buying technology and diversifying market presence. Corporates improved their inorganic growth strategy through divestment of non-core assets, expanded into newer

Boeing in an attempt to revolutionise urban transportation and parcel delivery services has tested its flying car prototype which hovered briefly in the air. Major hurdles to Boeing's vision of "low-stress" mobility - as it is called in the company's marketing materials - include sorting out numerous critical safety and regulatory issues to meld traditional roadway traffic with fleets of flying cars. Boeing is looking to achieve a range of 50 miles with two flying car variants capable of carrying two and four passengers each. Tests are planned for later this year on a package-hauling version that can lift up to 500 pounds (226.8 kg). The major competition to Boeing comes from Airbus, which says it has already conducted numerous flying vehicle test flights, to Volocopter, which has tested drone taxis that resemble a small helicopter powered by 18 rotors, and AeroMobil, with a stretch-limousine concept that can turn into a fixed-wing aircraft. Vertical Aerospace aims

This new system allows the airbags to deploy effectively upon a secondary impact by calibrating the status of the vehicle and the occupants. As per Hyundai the currently available systems, do not offer secondary protection in the event where the primary impact, which might be enough to deploy the airbags, is followed by collisions with secondary objects, such as trees, electrical posts or other vehicles. And such cases are claimed to occur in 3 out of every 10 accidents. The system detects the occupant position in the cabin following an initial collision and is designed to deploy even faster when initial safety systems may not be effective. The company has recalibrated the collision intensity required for deployment in such a manner that the system deploys airbags more promptly during the secondary impact. The company says that it has analysed multi-collision scenarios in multilateral ways to improve airbag performance and precision in secondary collisions. #autojobs4u #automotiv

Govt. will be focussing on the highway development in India to facilitate uninterrupted traffic flow under Bharatmala Phase-II. The National Highways Authority of India (NHAI), which has been tasked with implementing the flagship highway development programme, has invited bids for undertaking project preparation so that projects are ready as soon as the work for the first phase are bid out. The majority of the stretches will have greenfield alignment, which means these will be new roads. The maximum speed limit for cars will be 120 kmph on these expressways to reduce travel time. Some of the identified greenfield highways include Patna-Rourkela, Jhansi-Raipur, Solapur-Belgaum, Bengaluru-Kadappa-Vijayawada, Gorakhpur-Bareilly and Varanasi-Gorakhpur. Considering that forest and wildlife clearances hold up projects for years, the NHAI has asked the consultants to avoid road alignments through national parks and wildlife sanctuaries, even if it requires taking a longer route/ bypass. Th

Nagpur Smart and Sustainable City Development Corporation Limited (NSSCDCL)— Smart City special purpose vehicle— has decided to take first step towards the initiatives of replacing 100% vehicles with electric ones by 2030. It is conducting a study for running vehicles in the city on electric, including solar power, in next 10 years in association with a France-based company, Solstyce SAS. The company will also develop three electric vehicles charging stations and operate them for one year. Of three charging stations, Solstyce SAS has proposed to develop one on solar power, probably first in the country, and fund the entire study as well as the functioning of charging stations. At present, Ola is operating 83 e-cabs in the city. #autojobs4u #automotivejobs #jobs