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Festive cheer for PVs in rural markets
Over the last five years, the rural market has witnessed significant reforms enabling the Indian population to move up the value chain and expand income levels. Even the COVID-19 pandemic turned positive for the rural market as considerable young migrant labourers returned to their villages and took up entrepreneurship to setup small tertiary farm businesses, thereby creating new income opportunities for families. This, combined with relatively low potency of COVID-19 cases and a goo...
Auto dealers cheer government’s MSME decision
Automotive dealerships that play a key role in the auto value chain were impacted during the pandemic due to declining sales, lockdown restrictions, and high finance and maintenance costs. No wonder the government’s recent announcement to include the retail and wholesale trade under the ambit of Micro, Small & Medium Enterprises (MSME) has been welcomed by the dealership fraternity who can now look ahead to availing the benefits and subsidies offered by the states to MSMEs. ...
Affordability of electric mobility has always remained a pain point for both the manufacturers and buyers. The recent amendment in the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) announced by the Department of Heavy Industry on June 11th, 2021, is expected to fast-track adoption of electric mobility in the two-wheeler space in the country, and provide much needed impetus, in terms of demand, to the segment. According to the amendment...
Gujarat announces comprehensive EV Policy; aims to become EV hub
Gujarat has become the latest state to announce a comprehensive electric vehicle (EV) policy. While automakers across segments have welcomed the move that will see the enabling of faster adoption of electric vehicles in the country, one needs to keep an eye on how these incentives will unfold vis-a-vis higher buyer demand. "In line with its clear policy to encourage EV adoption, the Government has extended the FAME II policy by 2 years. This, coupled with recent changes in incentive s...
