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Owing to the severe impact on the overall sales of automobiles in India, following the spread of Covid-19 pandemic, the Indian automotive sector is pinning its hopes on the long-awaited Vehicle Scrappage Policy to spur the growth of the sector. While the policy is expected to be before the Union Cabinet for approval, industry experts believe that the benefits of the policy can only be achieved by incentivizing purchase of new vehicles in exchange for scrapping older ones. However, despit...
Is Indian auto industry ready to take the EV leap? A million-dollar question that everyone wants an answer to! While we have witnessed isolated developments on setting up of electric mobility infrastructure in the country and the optimism of the industry to offer a new technology despite the first quarter overall sales of FY2020-21 at the lowest in 12 years due to the pandemic, auto experts believe it is not the time to race behind timelines but a crucial phase to build local capabilitie...
