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Ready to mass produce flex fuel vehicles, two-wheeler makers tell Nitin Gadkari
Money Control
·
11m ago
Medial
Leading two-wheeler manufacturers in India, including Hero Moto, Honda Motor, TVS Motor, and Bajaj Auto, have assured the Transport Minister that they are prepared to mass-produce flex fuel vehicles. These vehicles can run on a blend of up to 85% ethanol and petrol, and the companies have requested a lower cost of fuel for such vehicles. They have also sought a clearer roadmap for the nationwide rollout of ethanol-blended fuel and a reduced GST rate on flex-fuel two-wheelers. These vehicles are designed to run on more than one type of fuel.
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Related News
Nitin Gadkari wants states to push for GST cut on flex-engine vehicles —‘MDs of Tata, Suzuki & Toyota have decided to…’ | Mint
Livemint
·
11m ago
Medial
Union Minister of Road Transport and Highways, Nitin Gadkari, has urged state governments to support a reduction in Goods and Services Tax (GST) on flex-engine vehicles. He proposed lowering the GST to 12% for flex engines, cars, and scooters in order to promote these eco-friendly options. Gadkari emphasized the economic viability, technological advancements, raw material availability, and marketability of flex engines. Several automobile manufacturers, including Tata, Suzuki, and Toyota, have committed to launching flex engine vehicles in India. Gadkari highlighted the potential market opportunities and environmental advantages of using biofuels in these vehicles.
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Our electric, hydrogen & flex industries will become number one in the world: Nitin Gadkari
Economic Times
·
19d ago
Medial
India is focusing on increasing ethanol use in fuels to reduce fossil fuel dependency, cut pollution, and boost agriculture. Nitin Gadkari highlighted efforts to raise ethanol blends, develop flex engines, and promote electric, hydrogen, and ethanol vehicles. Challenges include high GST on ethanol blends and the need for technological parity. Additionally, plans for infrastructure improvements and road safety were discussed, alongside strategies for economic growth and energy self-reliance.
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No diesel, petrol cars in India soon? Here's what Nitin Gadkari proposes for greener economy
Money Control
·
1y ago
Medial
Indian Union Minister for Road Transport and Highways, Nitin Gadkari, has revealed his vision to make India a greener economy by ending the import of fuel and promoting the use of biofuels. Gadkari proposes slashing the Goods and Services Tax (GST) on hybrid vehicles and aims to rid the country of over 360 million petrol and diesel vehicles. He believes that by using biofuels and alternative fuels, India can become self-reliant and prosperous while reducing its dependence on fossil fuels. Auto companies like Bajaj, TVS, and Hero are also exploring the production of motorcycles and auto-rickshaws using flex engines. Environmental activists have welcomed Gadkari's vision but urge the need for renewable energy alongside electric vehicles to tackle the climate crisis.
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No Objections To FM Giving Subsidies On EVs: Gadkari
Inc42
·
11m ago
Medial
The Indian government is considering removing financial incentives for electric vehicle (EV) manufacturers as the cost of EVs is expected to become comparable to traditional petrol and diesel vehicles within the next two years. This move follows a recent suggestion from the Indian Minister of Road Transport and Highways, Nitin Gadkari, that subsidies to EV makers are no longer needed. Despite the government's goal of achieving 30% EV penetration by 2030, the adoption of EVs in India has been slow for both two- and four-wheelers.
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Electric vehicle makers no longer need to be subsidised by govt: Gadkari
YourStory
·
11m ago
Medial
Union Minister Nitin Gadkari stated that there is no need to provide subsidies for electric vehicle (EV) manufacturers as consumers are choosing EVs and compressed natural gas (CNG) vehicles on their own. Gadkari noted that the manufacturing costs of EVs have decreased with increased demand. He asserted that the government does not need to provide significant subsidies for EVs anymore, and that the reduced Goods and Services Tax (GST) on EVs compared to petrol and diesel vehicles is already beneficial. Gadkari expects the cost of diesel, petrol, and EVs to be the same in two years.
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India to consider additional 10% tax on diesel engine vehicles
Reuters
·
1y ago
Medial
India's Road Transport Minister, Nitin Gadkari, has proposed an additional 10% tax on diesel vehicles to reduce fuel emissions and pollution. He warned automakers of even higher levies if they don't transition away from diesel. Currently, India imposes a 28% tax on diesel vehicles with additional "cess" based on engine capacity. Gadkari's comments sparked discussion among auto executives, with some describing it as a "bombshell." Pollution is a growing concern in India, and the government has been promoting electric vehicles (EVs) with tax incentives.
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Amid Electrification Push, India Aims To Lead The World In Automobile: Nitin Gadkari
Inc42
·
10m ago
Medial
India aims to become the global leader in the automobile industry within the next five years. Nitin Gadkari, Union Minister, expressed this ambition while emphasizing collaboration with electric vehicle manufacturers. Gadkari also highlighted the significant potential for electric two-wheeler exports from India, mentioning that half of the motorcycles produced in the country are already being exported. This statement follows the recent approval of the 'PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme,' which has a budget of INR 10,900 crore.
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India's Small Cities Home to Over 400 EV Makers: Nitin Gadkari
OutlookIndia
·
4m ago
Medial
Over 400 electric vehicle (EV) manufacturers are operating in India’s smaller cities, indicating a thriving startup ecosystem, according to Union Transport Minister Nitin Gadkari. Speaking at the Convergence India Expo, Gadkari highlighted the vast domestic and export opportunities arising from this momentum in electric mobility, supported by 42% of India’s power being generated from renewable resources. He also noted efforts to produce biofuels and tackle pollution through innovation, enhancing sustainable transportation in the country.
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Bajaj Auto set to launch world's first CNG bike in Pune
Inshorts
·
1y ago
Medial
Bajaj Auto will launch the world's first CNG bike, likely named Freedom 125, in Pune today. Union Minister Nitin Gadkari would attend the event. Bike features switches for petrol and CNG, aiming for value-conscious customers. It reduces emissions and halves fuel costs. Targeted at customers earning ₹30k-40k/month, it may cost ₹10k-12k more than petrol bikes but promises savings on fuel.
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Stellantis to invest $6 billion in Brazil by 2030
Reuters
·
1y ago
Medial
Carmaker Stellantis has announced plans to invest $6.07 billion in Brazil between 2025 and 2030. The investment will be used to introduce new products and hybrid-flex vehicles in the country. Stellantis aims to add electrification technology to its flex-fuel models and launch a hybrid vehicle in the second half of the year. The announcement comes as the Brazilian government seeks to revive the country's industry.
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