Commercial Vehicle manufacturers are said to be chalking out cumulative investments in the region of Rs.5,000 crores over the next two years on the basis of a positive outlook. Apart from the migration of products to meet BSVI emission norms, the investments are expected to be directed towards the development of new products that will address tonnage shift and changing[Read More…]
The new auto policy will be finalised in the next three months, claim industry sources. They mention that the policy would emphasise on emission-linked taxation for automobiles and include a technology agnostic green mobility roadmap. According to sources, discussions with various stakeholders have been on for the past six months to frame the new policy, and to ensure that it[Read More…]
AGS Transact Technologies has partnered with Hindustan Petroleum Corporation Limited (HPCL) to offer RFID-based automatic vehicle identification (AVI) technology solutions for cashless services. AGS Transact Technologies and HPCL will issue one lakh ‘Fastlane’ fuel tags in Mumbai and the surrounding area as a pilot. The ‘Fastlane’ fuel tags could be used at 18 live HP-Fastlane pumps across Mumbai, Vashi and[Read More…]
Truck owners and operators went on a nationwide strike to protest against the hike in diesel prices and third-party insurance premium in June 2018. An estimated 90 lakh trucks went off the road according to industry sources. Sources mentioned that over 60 per cent trucks did not ply. Putting the blame on high taxes levied by the Centre and states[Read More…]
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