Why does India want investment agenda out of WTO talks? Why are hybrid cars racing ahead of EVs? What will be on markets' radar this week? What are economic sanctions? All answers here
In India, it's the hybrid market that Maruti Suzuki is understandably targeting
CNG, EVs and hybrid vehicles may grab up to 30 per cent share in total auto sales in next five years even as petrol cars are likely to dominate passenger vehicle volumes in medium-term, a report said on Tuesday. Demand for Electric Vehicles (EVs) has increased exponentially in the last two years with the government's push, increasing awareness, and new launches, domestic rating agency Icra said in its report. However, the share of EVs in the overall PV (passenger vehicle) industry remains low, at 1 per cent currently, it stated. On the other hand, CNG vehicles have also gained prominence in recent years, aided by favourable running costs, improving penetration of CNG dispensing stations across the country, and enhanced product offerings by OEMs, Icra said and added, lower emissions in CNG vehicles would also help OEMs (original equipment manufacturers) comply with the impending Corporate Average Fuel Economy (CAF) norms. Noting that a cohesive approach from all stakeholders is ...
Green investors have criticised the world's largest carmaker by sales for slowness in moving its product line-up to all-electric, battery electric vehicles
'We would give subsidy to firms setting up EV charging infrastructure to pay the discoms or utilities setting up upstream infrastructure'
Toyota plans to reboot its strategy for India, doubling down on a bet that emerging markets will welcome its hybrids, as long as the price is right
Grand Vitara will go on sale in September with prices expected to start at Rs 9.5 lakh
Japanese carmakers taking the hybrid route for cleaner mobility in India
Intends to sell 3.7 mn units globally by 2025, with 67% contribution from Asia
While hybrids, which blend the power of a gasoline engine with electric motors and batteries, are now more than two decades old - the first Prius debuted in Japan in 1997
Singh said Rs 250 crore will be incurred in the operation of these buses of which Rs 120 crore will be realised through sale of tickets.
Players with an interest in hybrid technology continue to lobby with the government for revisiting the taxation on these vehicles