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Scrap your old car, save big on your next buy: Major offers announced across India – ET Auto

Baua Electric

In what is expected to be significant boost for the govt’s efforts to speed up scrappage of old vehicles, as many as 21 states and UTs have announced some major concessions for car buyers who choose to scrap their cars, ToI reported on April 29.

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Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

Baua Electric

India is the world’s third-largest automobile market. With the support of the public and private sectors, India is also positioned to emerge as the preferred global hub for automotive Original Equipment Manufacturers (OEMs). The auto industry is making strides to replace the traditional sources of fuel with the carbon-free fuel.

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Reducing the cost of electric vehicles

Electric Vehicles India

Electric vehicles are covered under Production Linked Incentive (PLI) scheme for automobile and auto components, which was approved on 15.09.2021 with a budgetary outlay of Rs. Also, read related article: Vehicle scrappage policy to reduce the cost of EVs says Nitin Gadkari. for a period of five years.

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Retrofitting three-wheeler to electric 

Electric Vehicles India

Passenger transportation is catered by auto-rickshaws and good’s transportation is mainly handled by three-wheeler tempos in the majority of the small, medium, and big towns of developing and developed countries in the world. The need and design of three-wheeler tempos are different from auto-rickshaws. Start-up E-Trio in India.

India 59
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UMTRI study finds US and China could turnover more than 90% of LDV fleet to alternative powertrains by 2050 under very aggressive penetration scenarios

Green Car Congress

In their study, they used three different alternative powertrain/fuel models: less aggressive, moderately aggressive and very aggressive, applied across four developed economies (United States, Western Europe, Japan, and South Korea) and four developing economies (Brazil, Russia, India, and China). United States. Western Europe. South Korea.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. In India, falling inflation, lower interest rates, energy prices and a regained confidence will help lift the car market into growth mode starting in 2015 after a two-year lull. North America.

2015 150
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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

Green Car Congress

Austerity plans will prevent governments in Europe from boosting 2012 sales through scrappage programs and other incentives offered in previous years. As an example, Polk expects Brazil to surpass Germany as 2011 sales results are finalized, and new vehicle sales in India are expected to surpass those sold in Germany in 2014.

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