20 Champion OEMs of the 115 companies that filed under the PLI scheme have got their approval. Ashish Bhatia shares the details of companies that cut above the rest. The Production Linked Incentive (PLI) scheme had 115 companies filing applications to avail incentives under the scheme with an Rs.25,938 crore outlay. This was till the set deadline on January 09,[Read More…]
Ashok Leyland signed an MOU with Mahindra First Choice Wheels Ltd (MFCWL) to launch an exclusive hybrid ecosystem for its used commercial vehicle business. The digital platform will facilitate exchange and proper disposal and purchase of old commercial vehicles. With the entry into this segment, Ashok Leyland aims to streamline the used vehicle market by leveraging its digital ecosystem, its[Read More…]
The industry is laying the foundation for a robust scrappage ecosystem in line with the Voluntary Vehicle Fleet Modernisation program. Sumesh Soman visits the Maruti Suzuki Toyotsu ELV and scrappage unit to assess the on-ground capabilities. The ‘Voluntary Vehicle Fleet Modernisation’ program notified by the Government of India (GoI) is expected to generate an investment of over Rs.10,000 crore. Expected[Read More…]
The Union Budget 2022-23 surprised a section with its focus on long-term growth. Ashish Bhatia looks at the allocations and implications for the commercial vehicles segment. It’s not easy to please all! Who better than Finance Minister (FM) Nirmala Sitharaman to vouch for it as she knows what it feels like to walk on thin ice. Not an exclusive sense[Read More…]
Pace Setter ZF Drives Forward Change with Innovative and Flexibile Implementation 
SIAM Deliberates on Policy Reforms for Automotive Taxation 
Refurbishing Industry Is Bouncing Back 
Decarbonisation and Digitalisation 
