The electric-car maker in January registered a local company in India, where it is expected to import and sell the Model 3 sedan by as early as mid-2021, seeking to target rich customers in a niche market.
The world’s most valuable automaker by market capitalisation is looking for commercial properties as large as 20,000-30,000 square feet each to open showrooms and service centres in the capital New Delhi, financial hub Mumbai in the west and tech city Bengaluru in the south, three sources said.
Separately, Tesla has recruited Manuj Khurana, a former executive of India’s investment promotion body Invest India, in the first major hire to lead its policy and business development efforts in the country, two other sources said.
BERLIN (Reuters) – Tesla sharply criticised lengthy regulatory processes in Germany ahead of the planned opening of its first European gigafactory this summer.
Tesla plans to have the factory up and running by July 1, 2021 to start building its electric crossover, the Model Y but the process has been slow and complicated by environmental disputes.
In December, Tesla was told by a court to suspend clearing of a forest at the site of the proposed factory after environmentalists said cutting down more trees could endanger hibernating snakes.
“The German approval framework for industrial and infrastructure projects as well as spatial planning directly contradicts the urgency to plan and realise such projects that is necessary to battle climate change,” Tesla said in a letter to a local court seen by Reuters.
Tesla, in the letter dated April 7, said it was “particularly irritating” that there was still no timetable for the final approval of the plant, located in Gruenheide outside Berlin, 16 months after the carmaker applied for it.
by WAF Editorial Team
•Dr Pawan K Goenka retired from M&M after a long stint of 27 years on April 2, 2021
•Under his leadership and with empowerment from Anand Mahindra, the company entered global markets, began to successfully design, make & sell globally competitive products
• His Secrets of Success lie in his way of Thinking and his Daily Routine
In Dr Goenka’s words …
“Somehow, I have conditioned myself in such a way that I don’t get stressed. My philosophy is that getting stressed will only come in the way of getting out of a situation. If the sales are going down and I am stressed, then I will not be able think right. But if I am not stressed and do a clinical analysis, then we think with clarity.”
“I am also able to compartmentalise things quite well. When I am thinking auto, then what’s wrong with tractor does not divert my thoughts. And I do plan my day quite in detail. If you look at my calendar, you will see that almost every minute is spoken for.”
by WAF Editorial Team
•TML PVBU has reclaimed its third position in the passenger car market after 9 years with sales growth of 69% over FY 20
• TML CVBU sees 59% jump over Q4 FY 20 albeit de-growth of 23% over Total FY 20 Sales
India’s largest automobile company by turnover and employment, Tata Motors Limited has posted incredible sales performance in Q4 FY 21 and March 2021
They announced their sales in the domestic & international market, for Q4 FY21, which stood at 191,720 vehicles, compared to 101,420 units during Q4 FY20.
Source : AutoPunditz
“Aspirational products, customer centric offerings, harnessing digital, supporting dealers, strong group ethos powered the stellar performance of Tata Motors in FY 2021 and especially Q4 FY 2021,’ says Mr. Anuj Guglani, CEO, World Auto Forum
by WAF Editorial Team
MG Motor India accomplished retail sales of 5,526 units in March 2021.
The company received over 6,000 Booking for the month
There has been a long waiting period for its popular cars like Hector & Gloster
In February 2021, MG Motor India had sold 4,329 Units. In March 2021, it has achieved its highest ever sales of 5526 Units. It has also broken sales records for Hector and MG ZS EV at India. The stellar performance has put most of its models on waiting period of 2-3 months.
‘MG Motor India is one of those rare Auto makers who never play on wholesale ie sale from company to Dealer. Their focus is always retail sales. This always reflects the true consumer and dealer business sentiment’, says Anuj Guglani, CEO, World Auto Forum
“The highest monthly sales achieved in March 2021 are very encouraging with momentum continuing for our product lines”, says Rakesh Sidana, Director Sales, MG Motor India
(Reuters) – Google, BMW, Volvo and Samsung SDI are the first global companies to have signed up to a World Wildlife Fund (WWF) call for a moratorium on deep-sea mining, the WWF said on Wednesday.
In backing the call, the companies commit not to source any minerals from the seabed, to exclude such minerals from their supply chains, and not to finance deep seabed mining activities, the WWF said in a statement.
Deep-sea mining would extract cobalt, copper, nickel, and manganese – key materials commonly used to make batteries – from potato-sized nodules which pepper the sea floor at depths of 4-6 kilometres and are particularly abundant in the Clarion-Clipperton Zone in the North Pacific Ocean, a vast area spanning millions of kilometres between Hawaii and Mexico.
“With much of the deep sea ecosystem yet to be explored and understood, such activity would be recklessly short-sighted,” WWF said in a statement.
The moratorium calls for a ban on deep seabed mining activities until the risks are fully understood and all alternatives are exhausted.
BMW said raw materials from deep-sea mining are “not an option” for the company at present because there are insufficient scientific findings to be able to assess the environmental risks. Google and Volvo did not immediately respond to emailed requests for comment.
MILAN (Reuters) – Stellantis is looking at nearly tripling its global sales of electric vehicles this year, the head of holding company Exor, the carmaker’s main shareholder, said on Thursday.
The world’s fourth largest carmaker targets global sales of 400,000 high voltage vehicles this year from 139,000 in 2020 thanks to the launch of 11 additional models, John Elkann, who also serves as Stellantis chairman, said in a letter to Exor shareholders.
Stellantis, formed in January by merging Italian-American Fiat Chrysler and France’s PSA, wants to exploit its size to take on rivals in the race to produce more electric vehicles.
It plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans of rivals such as Volkswagen and Renault-Nissan.
Reporting by Maria Pia Quaglia; editing by Agnieszka Flak
Over the latter half of his life, Biden, 78, saw the share of national wealth going to that middle class fall and the gains from U.S. growth concentrate in a handful of regions. Now, with a roughly $2 trillion investment package unveiled on Wednesday, Biden wants to reverse that half century trend and steer capital to neglected people and parts of the country.
Democrat Biden’s jobs and infrastructure plan and the corporate tax increase to help pay for it, contrasts with the deference to private markets begun by Republicans with Ronald Reagan’s election in 1980, and nursed through rounds of tax cuts and deregulation, by both parties.
Whether it was Bill Clinton’s moves to reduce social welfare and deregulate the financial sector, or Barack Obama’s hesitance to “go big” on spending in the last recession, there has been a reluctance by both parties to intervene too deeply for decades.
Rural and Rust Belt America faded and there was little progress on bridging the wealth gaps between Black and white.
by WAF Editorial Team
• When Safety, Fun to Drive & Quality meet 95% Localisation, it can be a watershed moment!
• Made in India Taigun, for the World!
• Based on the New MQB AO IN Platform
• Launch just before the Festive Season. Est Price of Rs 10-17 Lakhs
• It’s the Year of the SUVW. Year of the Taigun. Need one say more ?
VW India today showcased the India Spec Production Model of the Taigun SUV. It’s based on the latest All new MQB AO IN Platform which also powers the Skoda Kushaq.
It is directly pitched in the hot selling segment of Hyundai Creta and Kia Seltos.
Taigun has a class leading wheelbase of 2651 mm which should make it one of the most spacious.
The dual tone interiors look upmarket and premium. The Cockpit is truly digital as it boasts of a 10.1″ touchscreen compatible with Apple car play and Android auto and a 10.2″ Digital Instrument cluster.
The luxury touch gets enhanced by ambient lights, panoramic moonroof and ventilated seats for front passengers.
The WAF Gurus Live Episode 20 was held on Saturday, 20 th March in which Gurus of the auto &
mobility industry discussed a crucial and pertinent topic- The Future of Mobility : EV or FCEV?
The panel comprised Shivalik Prasad, VP with Sibros; Vinay K. Piparsania– an automotive industry veteran; Dr. Ajit Kumar Jindal, currently the Advisor E-Mobility and New Products and Technology at Tata Autocomp Systems Ltd, Avik Chattopadhyay Co-Founder Expereal, a Marketing & Brand Consulting Firm; and Anuj Guglani, the founder and CEO at World Auto Forum which connects theAuto and Mobility Industry in 125 Countries.
Anuj Guglani, CEO, World Auto Forum called upon the panel to share their views on the major
concern facing the industry- Can the Fuel Cell solve the future problems of the EV? Would Fuel Cell
get a seat at the table amidst the worldwide Battery Race?
Dr. A. K. Jindal set the ball rolling and pointed out the 90% FCEV is in fact EV, it has the battery, the
motor, most of the parts and components’ functionality is similar. There was a chance of FCEV
finding an application in inaccessible areas like Leh-Ladakh where getting the conventional fuels is a
challenge and comes at a higher cost; there it could be useful. Solar energy is available in plenty in
those areas from where they can produce electricity and from that they can produce hydrogen.
Vinay K. Piparsania remarked that it all depended on where an entire ecosystem is travelling- as of
now from the governments, to huge corporations to auto makers- everybody’s focus is on EV, so it’s
the time for EV. Next decade might belong to Hydrogen, but right now all the focus and investment
is on EV. The transformation takes time and the switch to FCEV cannot be just at the drop of a hat.
TOKYO (Reuters) – Toyota Motor Corp and Isuzu Motors Ltd announced a capital alliance on Wednesday, reviving a partnership to bolster their competitive edge in connected, commercial vehicles.
Toyota truck unit Hino Motors Ltd will join in the pact to jointly develop small commercial trucks of the future, including connected vehicles and fuel cell technologies, the automakers said.
Connected vehicles can share internet access and data with devices outside the vehicle, making them more efficient.
Under the deal, Toyota will acquire 39 million treasury shares in Isuzu, worth 42.8 billion yen ($393.89 million), taking a 4.6% stake, the automakers said.
Toyota and Isuzu in 2018 dissolved a previous, 12-year capital tie-up that had focused on diesel engines.
The move on Wednesday comes as traditional automakers face growing competition from tech giants and other rivals developing electric and driverless cars.
FRANKFURT (Reuters) – Volkswagen said on Tuesday Porsche AG executive Gernot Doellner will become the carmaker’s new strategy chief from May 1.
“With the addition of Gernot Doellner we are gaining a proven strategist who has gained extensive experience at Porsche AG in the management of model series and in development strategy and innovation management,” said Volkswagen Chief Executive Herbert Diess.
“With him, we will systematically continue along our chosen path and further drive the transformation.”
Doellner previously served as head of product and concept at Volkswagen’s luxury division Porsche AG, and will replace Michael Jost, who said earlier this month he will quit after more than a decade with the group.
The announcement comes a week after Volkswagen’s Power Day, which, along with more upbeat broker comments, has revitalised Volkswagen’s shares, which are up 50% year-to-date.
Reporting by Christoph Steitz; Editing by Madeline Chambers
HONG KONG (Reuters) – China’s top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering (IPO), eyeing a valuation of at least $100 billion via the float, two people with direct knowledge of the matter said.
Didi has also discussed the option of listing via a special-purpose acquisition company (SPAC), multiple sources told Reuters, which would involve merging with a blank-check firm that raises capital through a U.S. IPO.
But they said the SPAC option was seen by Didi as less viable given its valuation target.
At that valuation target, Didi could raise about $10 billion if it sells 10% of its shares, in what would be the biggest Chinese IPO in the United States since Alibaba’s $25 billion float in 2014.
A fifth person close to Didi said the company is also considering a second listing in Hong Kong if its U.S. IPO takes place.
15 March 2021 | New Delhi, India
The WAF CFO Roundtable was held virtually on Saturday, 13 th March in which Chief Financial
Officers of the auto & mobility industry across discussed a very relevant and pertinent topic- Best
Practices of Financial Management in the Covid Era
The panel comprised Maheen Lampwala Country CFO for the Faurecia Group of Entities in India;
Puneet Sabharwal, who is CFO with Citroën India; Anders Olof Häger, the CFO Volvo Eicher
Commercial Vehicles; Surendra Agarwal, CFO Group Landmark; Chandan Goyal, a Chartered
Accountant by profession and the co-founder of Blue Consulting; and Anuj Guglani, the founder and
CEO at World Auto Forum which connects the Auto & Mobility Industry in 125 Countries.
Anuj Guglani, CEO, World Auto Forum called upon the panel to share their key learning in the year
Mr. Puneet Sabharwal spoke of how they had to reshape their new-launch strategy and media
publicity during the pandemic. Earlier women would request for a day of ‘work-from-home’ to take
care of domestic responsibilities but after the lockdown, it was the other way- requesting to allow
them to attend office at least for a day.
He realized that change is the only constant in life, as he saw flexibility in work hours, a paperless
work environment, including the financial transactions, and a infused a new motivation which created a new opportunity in adversity had set in.
Mr Anuj Guglani, CEO World Auto Forum, told how physical distancing ushered in the entry of trucks
carrying materials inside the premises of Automobiles Industry, through RPA and associated
technologies for material entry thereby reducing the earlier time of 45 minutes to less than 5
MG, which has introduced electric SUV – the ZS EV and the first autonomous Level 1 premium SUV – Gloster, aims to use the research for developing its future autonomous vehicles.
MG Motor India on Monday said it has joined hands with IIT Delhi’s Centre for Automotive Research and Tribology (CART) for research in the field of electric and autonomous vehicles.
The partnership through Foundation for Innovation and Technology Transfer (FITT), IIT Delhi aims at furthering the automaker’s focus on CASE mobility (Connected Autonomous Shared Electric); through enabling supporting research for deployment of electric and autonomous vehicles in the urban landscape in the country, MG Motor India said in a statement.
5 pm to 6 pm ist , Sat 20 March, 2021
Join us for an Interesting Session of WAF Gurus Live Episode 20
1. Do you agree with Mr Musk ?
2. Electrification @ Mobility is a clear global phenomena
3. Battery : Right from Mining to Acquisition, to Usage, to Disposal is still a perplexing piece.
by WAF Editorial Team
Kia Motors India has appointed the Industry Veteran Hardeep Singh Brar as National Head, Sales & Marketing. The company has created great euphoria and tasted initial success with products like Seltos and Sonet.
Mr Brar would fill in the shoes of Mr Manohar Bhat, who conceived and executed the debut of Kia brand and company at India. The expectations would surely be sky high!
Mr Brar is an Industry Veteran. He has worked with Maruti Suzuki in several functions like Sales & Dealer Development. His last profile there was GM- Corporate and Rural sales
He has headed Network & Dealer Management at Volkswagen India. He also headed Vehicle Sales, Service & Marketing at General Motors till it announced to wrap its India Operations. After General Motors he had joined Nissan India with his last profile there as Director – Commercial and Board Member.
“Best Practices in Financial Management in the Covid Era”
5 pm to 6 pm ist , Sat 13 March, 2021
1. Normal to New Normal to an Evolved Normal : Key Learnings from the Journey of 2020 to 2021
2. 2020 – A year which tested us all in an unprecedented way. How we scaled back the operations. How we balanced Financial Health and Employee Health ?
3. What is The Finance Department of the Future ?
Processes, Technology, Innovations, People
4. Finance Dept powering the Business Strategy and Ops
The 2nd CHRO Roundtable was held virtually on Saturday 27 Feb, 2021 where Chief HR officers of the auto & mobility industry discussed innovations and best practices during the pandemic year and the learnings thereof, and the way forward for India Inc. in 2021 and beyond.
The virtual exhibition at the 2nd CHROs Roundtable 2021 was also the highlight of the event and was a roaring success.
Mr Anuj Guglani, CEO, World Auto Forum set the ball rolling by sharing with the audience, the global outreach of the CHROs Roundtable this year to share best practices and learnings. He spoke about the challenges faced by organizations in managing Work from Home, and what they would have to do when the focus shifted once more to Work fromOffice.
The first panel discussed the learnings from 2020 and the CHROs Toolkit for 2021 & beyond.
Mr Ahmad Ameen, Director- Human Resources, AL Mansour Automotive, Egypt spoke about the need for a paradigm shift in HR practices especially in three areas: Employee health, communication and employee learnings, stressing that the approach of one size fits all will no longer work and technology and individuality must prevail.
For Dr C B Patil, Head HR & IR, Kia Motors India the lockdown in 2020 saw two areas of major change: the need to develop agile mindsets with the ability to learn, unlearn and relearn with changing situations in the market; and the ability to maintain a flexible headcount as per business requirements, keeping in mind the principle of bottom-line vs life line.
by WAF Editorial Team
•Volvo Cars India gets its first “Indian” MD
•Charles Frump, the outgoing MD leaves a great legacy behind
•Meet the new MD, Jyoti Malhotra – An Industry Veteran with a Proven Performance Record
History is getting created at Volvo Cars India as it gets its first “Indian” MD.
Jyoti Malhotra who is presently the head of Marketing, Sales & PR at the Swedish car maker’s Indian subsidiary, shall take over as Managing Director wef March 1, 2021
Mr Malhotra is an Industry veteran who has worked with Auto Makers like Maruti Suzuki, M&M and Fiat India in the past. He holds an Engineering Degree in Production from University of Pune. He has done his MBA from Bhartiya Vidyapeeth . He has also done a global program in management development from Stephen M Ross School of Business, University of Michigan, USA
Anuj Guglani, CEO, World Auto Forum said, “Jyoti is a stalwart of the Indian Auto Industry. He has deep insights in Automotive Consumer Behaviour, Business and Marketing. His diverse experience spans a quarter of a century across Indian, Japanese, European companies and their cultures which gives him an indomitable edge. Most importantly he’s a great human being!”
Connect with Top CHROs Club at World Auto Forum.
Innovations & Best Practices in the Year of the Pandemic
Balancing WFH, HSSE, CSR, Mental Health, Productivity, Families, Bottomline, Compliances
Earn the WAF Certificate of Participation
2020 has been a tough year. In 2021 things have really opened up. Still its not near Pre Covid.
How we managed 2020 ? What have we learnt that we shall apply for years to come ? How’s the Outlook for 2021.
Lets spend a day in developing the CHRO’s Toolkit which shall be relevant for years to come…
by CA Mohit Jain, Partner, Manoj Chhabra & Co
1) ESI/PF related additions
2) Revised/Belated ITRs
The time limit for filing revised/belated ITRs has been reduced to 31-Dec of relevant year from 31-Mar.
3) Reduction in time limit for completion of assessment
W.e.f AY 2021-22, assessment proceedings need to be completed within 9 months from end of assessment year, ie, for FY 2020-21, relevant for AY 2021-22, assessments have to be completed by Dec-2022.
by S S Rana & Co – India’s Leading IP Law Firm
The much awaited Union Budget address (2021-2022) was made by the Finance Minister, Nirmala Sitharaman on February 01, 2021. The Minister in the speech has announced- Voluntary Vehicle Scrapping Policy, for phasing out old and unfit vehicles from the Indian streets. While substantiating on the Scrappage Policy, Ms. Sitharaman stated that under the Policy- personal vehicles after 20 years and commercial vehicles after 15 years would undergo fitness tests in automated fitness centres.
- Voluntary Vehicle Scrapping Policy to be notified soon
- Vehicles (private and commercial) to under fitness test after 20 years and 15 years of use
- Fitness tests to be done at automated fitness centers
- Specifics of Policy to be announced soon
The Policy is expected to substantially impact air pollution issues in India and maintain environmental sustainability. It was also announced that the specifics of the Policy would be announced soon.
Hence, it is abundantly clear that under the New Policy all personal vehicles and commercial vehicles will have to mandatorily undergo fitness tests at automated fitness centres in 20 years and 15 years respectively.
World Auto Forum presents the IRSTP
By WAF Editorial Team
•Can we blame Covid for this too ?
•How can all the Auto Makers be affected simultaneously across the world ?
•Is it just Poor Planning, Poor Demand or something else ?
Yes! Most Auto makers are obsessed with Lean Manufacturing. Most got extremely conservative last year with their Production schedules as demand gradually rebounded. Excessive WFH, Gaming, Smartphones led to a surge in demand for chips from other product segments.
The Trump Administration had blacklisted the Chinese Semiconductor manufacturers last year. The Taiwanese Chip Makers, the largest across the world had raised a caveat against oversupply. The automotive grade chips were seeing rapid upgradation. Getting stuck with outdated chipsets inventory could be the greatest nightmare for any chip maker.
All said and done, auto makers facing ongoing or impending shutdowns simultaneously across the world can’t be just due to the aforesaid reasons. It can’t even be due to Covid.
There could be more than what meets the eye. Is it a perfectly orchestrated cartelised action by chip makers to pull the plug ?
In the new age vehicles, the electronic parts and components constitute around 40% of all components. One might find around 3K chips in just one car across the powertrain, windows, lights, ADAS and more. If even one chip is missing, the car can’t leave the assembly line!
Anuj Guglani, CEO, World Auto Forum says, ‘The Automotive chips compared to their siblings in an Xbox, a Mac or an iPhone have to be much more robust & durable. They should be able to stand high temperatures. They need to endure for long. Their development cycles are longer and more expensive.
So where do you think any chip maker who runs it as a business, would shift focus during the pandemic ?
Obviously to an Xbox, a Mac and an iPhone as their demand went through the roof while auto co’s were forced to cut orders, inventories and margins!”
Urgent Press Release
World Auto Forum [WAF] Awards announced. WAF stars steal the show!
- WAF awards are one of the most aspirational awards across the Automotive & Mobility ecosystem last 8 Years
- The 7 Points WAF Awards Process makes it Toughest, Most Transparent and Inclusive
- Backed by esteemed Jury, Observers and IIT Delhi research team
New Delhi | 9th January 2021 | https://worldautoforum.com
The 8th World Auto Forum Awards concluded today with WAF stars stealing the show all the way!! This time, the awards were bigger, different and as stringent as they always come! Deeply researched, passionately debated and carefully chosen, they showcased Platinum performances from across the Automotive ecosystem.
Anuj Guglani, CEO, World Auto Forum, remarked, “WAF Awards 2021 are a testimony to how the Industry stars have taken care of their customers, teams and suppliers, balancing health – physical, mental and financial”.
by WAF Editorial Team
•Volkswagen India is gearing up for its Mega Launch in 2021
•Renewed Focus on Customer Experience, Value Proposition and Peace of Mind
•Elevates in-house talent, Vishal Bhat, to lead the After Sales Service function and spearhead the Change
Volkswagen India has planned a power packed 2021
They are getting ready with their arsenal of products, marketing strategy, Renewed Focus on Processes & Customer Experience. The arsenal gets powered by the right people!
VW India has elevated Vishal Bhat to head their after sales service function with effect from Jan 1, 2021.
Mr Bhat is currently heading Pan India Corporate Sales and Das Welt Auto – VW’s Certified Pre Owned Car Brand at VW India.
With over 17 years of extensive experience in automotive industry, Bhat brings in diverse expertise to the position. In a period of last five years, he has undertaken various roles and responsibilities across functions –Aftersales, Customer Care, Corporate and Das WeltAuto sales operations and has been successfully leading them.
By WAF Editorial Team
In 2017-18, Elon Musk reached out to Apple to sell Tesla
Musk says, “This was during the Darkest Days of the Model 3”
“Tim Cook declined the meeting request”, tweeted Musk
Tesla is 10 times more valuable since then!
Apple plans to launch its EV in 2025
Biggest Miss for Apple ?
by WAF Editorial Team
Yes we had last few months of stellar wholesale and retails as…
The dealers inventories were near zero when lockdown eased
There was a pent up demand
People shunned public transport and embraced personal mobility
2 wheeler and Pre Owners cars demand went through the roof due to price sensitivity.
What is the Outlook for 2021 ?
The Sensex might be breaching 47K levels but situation at ground level is not that encouraging.
The Auto Industry was just recovering from the BS-6 , Poor Demand in 2019 and 2018 and it got struck by Covid19. The Market has surely opened up but demand is still not consistent.
Manufacturing facilities continue to suffer from covid related closures. Manpower outages are still not that uncommon. Supplies get stuck due to covid or agitations.
Industrial Output, earnings are still down. The new strain from UK is also bad news. This seems the time to just stay healthy and protected, ensure family is safe ; Surviving seems to be the new thriving!
So Quoting figures …
Teus, 15 Dec 2020 5:45 PM IST
IVASS 2020 brings together the Global After Sales Experts to share Industry Best Practices amidst the Pandemic
- Every year, World Auto Forum celebrates National Vehicle After Sales Day on Second Sat of Dec with IVASS- India Vehicle After Sales Summit & Exhibition
- In its 6th year, IVASS went global this time and in a pioneering act got together the Top After Sales Experts from Asia, Africa, Middle East, Europe and Australia
- The virtual exhibition at IVASS 2020 was also the highlight of the event and was a roaring success
- The most important reason for the global best practices sharing was that the entire industry worldwide moves a notch up in threshold and the most critical facet of the value chain benefits that is the Consumer!
15th December 2020 | New Delhi & Detroit | https://worldautoforum.com/ivass
India Vehicle After Sales Summit, a program organized on Saturday, 12th December 2020 by World Auto Forum in association with ASDC – Automotive Skilling Development Council, set the path for innovations in the Vehicle After Sales & Auto aftermarket ecosystem.
Top Experts from Auto Suppliers, OEMs, Dealership network, Service companies, Parts Makers & Distributors graced the Panel Discussions and Keynote sessions. The theme this year was ‘Surviving and thriving through Innovation, Skilling & Teamwork’. Each session deliberated on various aspects of the post Covid needs and adaptability required to cope with the changing dynamics of consumer behaviour and governmental policies.
Anuj Guglani, CEO, World Auto Forum set the ball rolling by sharing with the audience, the global outreach of IVASS this year, with speakers brought in from across the globe to broaden the horizons of learning and sharing of best practices. He also elucidated the common global challenges faced by the Industry and the pivotal role Innovation plays in overcoming them.
by S S Rana & Co. – Leading IP Attorneys & Advocates
The rising air pollution in the major cities of the country is a major health and environment concern with 65% of total air pollution caused by older commercial vehicles plying on road. To arrest this issue, the Ministry of Road Transport and Highways is slated to scrap vehicles older than 20 years under the vehicle scrappage policy or voluntary vehicle fleet modernization program, first mooted in 2016.
A scrappage policy is a government-funded programme to promote the replacement of old vehicles with modern ones. A vehicle scrappage programme is usually intended to stimulate the automotive industry as well as taking obsolete and more polluting vehicles off the road. It proposes to remove old commercial vehicles off the road and moot creation of an ecosystem to promote scrapping and recycling.
The policy is expected to considerably impact environmental sustainability and give thrust to automobile sector by creating new demand. The policy can be viewed as an extension of NGT ruling for Delhi-NCR whereby diesel vehicles older than 10 years were ordered to stop plying on the road. Similar policies have been implemented in countries like US, UK, China, Indonesia etc. to drive auto industry and reduce pollution.
Key Provisions of Draft Policy:
The SC order for #BS4 vehicles in Delhi is finally out & all vehicles where taxes were paid & numbers were generated, RC will now be provided. Huge benefit to all customers who waited for so long. @FADA_India continues to relentlessly work for dealers & customers as well! pic.twitter.com/h6BFY42kSr
— Vinkesh Gulati (@VinkeshGulati) November 26, 2020