INDUSTRY TALK

Agility and innovation

Agility and innovation

After an extraordinary FY2020-21, the CV industry is up for another extraordinary year it looks like. The second Covid-19 wave at the beginning of FY2021-22 has disrupted the acquired momentum. The macro economic indicators – the RBI’s original GDP growth forecast for FY2021-22 of 10.5 per cent as well as the Q1 FY2021-22 forecast of 26.2 per cent is unlikely[Read More…]

by July 27, 2021 Domestic, INDUSTRY TALK
Revised FAME II subsidy

Revised FAME II subsidy

The crucial changes prompted by the Government to the FAME II scheme involving electric vehicles are claimed to be on the back of its failure to achieve the desired results. Following the FAME I scheme that was rolled out in 2015 to encourage early adoption of electric vehicles and bring down the country’s dependence on crude oil, much of which[Read More…]

by July 15, 2021 INDUSTRY TALK
SIAM lecture on EVs

SIAM lecture on EVs

The Society of Indian Automobile Manufacturers (SIAM) recently organized a virtual lecture with Electric Vehicles (EVs) as the theme. With a focus on on-road safety, operations and maintenance, Prashant K Banerjee, Executive Director, SIAM, in his opening remarks expressed that the current decade would be looked upon as a decade of electrification. Pointing at road safety, operations and maintenance, Banerjee[Read More…]

by July 15, 2021 INDUSTRY TALK
Exciting new Mahindra vehicles

Exciting new Mahindra vehicles

Reporting FY2020-21 Q4 consolidated revenue of Rs.21,456 crore, up 32 per cent, and a consolidated Q4 PAT before EI at Rs.1,834 crore, up 170 per cent, Mahindra & Mahindra Ltd. (M&M) will introduce 23  new Mahindra in the passenger and commercial vehicle markets, along with 37 tractor types by 2026. Reporting a generation of operating cash of Rs.10,022 crore in[Read More…]

by July 15, 2021 INDUSTRY TALK