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…]
With an increase in sales across almost all vehicle segments making it necessary to pump-in more working capital, automotive OEMs are chipping in to help auto components manufacturers, claim industry sources. They mention that automotive OEMs are supporting smaller component manufacturers as they later find it hard to cope up with the working capital requirements as banks have tightened their[Read More…]
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