EVs to get Rs.50,000 rebate

The Indian govt is planning to incentivise purchase of electric vehicle by bringing them into the ambit of priority sector lending and lowering of interest rates on loans to make purchase of EVs affordable which would result in rebate of Rs.50,000. As per SIAM high cost (2 to 2.5 times of conventional vehicles) is the biggest factor for slow penetration of EVs. The other bigger challenge is range per charge (EVs have 1/4 that of a conventional vehicle). In FY18, 56000 EVs were sold which was up from 2500 in FY17. Out of this electric 2-wheelers dominated with 54,800 units, up from 23000 units in FY17. Area of concern is electric four wheelers which witnessed a drop from 2000 units at FY17 to 1200 units in FY18. The govt of India is aiming at taking share of EVs to 15% in next 5 years from the current share which is negligible. The major challenge in EV adoption is the charging infrastructure facilities and to address that govt has already issued notifications to facilitate domestic manufacturers of EVs and creation of infrastructure. This may further be aided by waiving of road and registration taxes by states and partial or complete exemption from parking charges for EVs.

#autojobs4u #IndianGovernment #Electricvehicle #EV #automotiveupdates #SIAM

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Honda Civic makes a come-back in Indian Market

One of best product from stable of Honda which was discontinued years back is all set to make its comeback in India with new looks, style and performance. Honda has recently announced to close it plant in Swindon (its only car factory in European Union) by 2021 where it builds 1,60,000 Honda Civic a year. At its Greater Noida plant in India, the company has commenced the production of the 10th generation of the Civic and is all set to launch it on Mar 7, 2019. The big addition is that the new Civic comes with a diesel heart and is far more superior over its predecessors on performance and tech wizardry. The pre-launch bookings in 3 weeks has already exceeded company’s expectations and Honda expects to capitalise on the outstanding pre-launch response. #autojobs4u #Honda #IndianMarket #automobileindustry #Automotiveupdates

Gulf Oil enters into partnership with Mahindra Logistics to strengthen its supply chain

In order to achieve efficiencies in total cost the automobile lubricants maker Gulf Oil has announced that it is getting into partnership with Mahindra Logistics Ltd (MIL) to strengthen it supply chain. In today’s world of business logistics is a key service differentiator for efficient and on-time delivery, in a cost-effective manner to end users. An efficient logistics management ensures a robust yet compact distribution system, which will give operational advantage to companies to meet their customer demand in totality. It also helps in saving cost on warehousing , inventory management, free up the working capital and save on freight cost. A Central Distribution Centre (CDC) has been set up in Chennai with Warehouse Management Systems (WMS) to serve the entire product portfolio of Gulf Oil. MLL is the first 3PL company to work with Gulf Oil and will handle this fully compliant warehouse, the first CDC of its kind for them. Gulf Oil has plans to open similar large format warehouses

Microdots technology to make car almost theft proof

To counter car thefts, Indian govt has decided to adopt microdots technology which is widely used in several counties including South Africa and the US. The vehicles stolen go untraced since auto-lifters take out the engines & other valuable parts before destroying the vehicles. Microdots is a technology in which thousands of micro dots are sprayed over the body of vehicle. These small laser-etched dots contain nano-size (0.5 mm) particles that carry information like unique number and vehicle identification number. These dots can be seen by using UV light and since the dots are sprayed throughout the vehicle body, it becomes easy to trace the vehicle as even a small part of the dismantled car can be used to trace the stolen vehicle. The government plans to roll out the technology as an optional system initially and the price of this feature is likely to be around Rs 1,000. The car, truck or bus would require at least 10,000 microdots, while at least 5,000 such dots would be neede

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