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…]
The driver to the truck ratio in India is an estimated 750 to 1000. The scarcity of truck drivers is no secret. Of the estimated 20 lakh truck drivers in the country, a large number of them have risen from the ranks of spotters and cleaners. They are thus products of weak economic strata with little education to boast of.[Read More…]
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…]
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…]
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