WAF gets together the Young Industry Stalwarts who are ringing in an EV Revolution
Hello MG, AI Inside
By WAF Editorial Team
•MG introduces Astor SUV With India’s first Personal AI Assistant And first-in-segment Autonomous Level 2 Technology
•Astor name derived from an aircraft of the Royal Air Force (RAF), UK
•After creating history with “Internet Inside” just 2 years back, MG Motor India takes it to the next level with “AI Inside”
MG Motor India, has unveiled the industry-first personal AI assistant and first-in-segment Autonomous Level 2 technology, to be featured in their upcoming mid-size SUV – Astor. MG aims to further its auto-tech focus by building on the concept of Car-as-a-Platform (CAAP) of possibilities and services.
MG is working on emerging technologies like Artificial Intelligence (AI) to enable the development and application of services and subscriptions to support the ‘on-demand in-car’ needs of the customers. Astor is the first car to get a personal AI assistant in the company’s global portfolio.
Volkswagen begins Production of the Taigun, sets several hearts racing
by WAF Editorial Team
•Volkswagen India has begun the production of the Taigun at its state of the art Chakan plant at Maharashtra, India
•Powered by the globally renowned Volkswagen TSI engine
•The Prowess of German Engineering with upto 95% Localisation. Best of both the Worlds!
•Start of deliveries in Sept as customers eagerly await…
It’s time for the most important launch of Volkswagen India this year. At the beginning of 2021, the year had been declared as the #YearofTaigun and #SUVW !
Teams at VW India, their suppliers and network have all gone beyond the call of their duty despite the pandemic to conceptualise, plan, produce and realise the Taigun.
Yes, the Taigun shares the MQB AO IN platform with its sibling, Skoda Kushaq but it comes with several more bells and whistles and the incredible VW Brand!
Continue reading “Volkswagen begins Production of the Taigun, sets several hearts racing”
Use of AIs in the Automobile Industry
Lucy Rana, Renu Bala
S.S Rana & Co. 8 min read
Artificial intelligence has been consistently transforming various industries across the world. However, the Automobile Industry is one, which has arguably seen the most developments in its processes and practice, due to development in AI. AI, for quite some time now, is being applied in different parts of the automotive value chain. AI is being used in the designing, manufacturing, production and post-production process.
Every facet of this industry is being benefited by this transformative technology. Furthermore, the most debated aspect of AI i.e its use in ‘driver assistance’ is quickly gaining momentum in different parts of the world – with Tesla inarguably being one of the modern pioneers of this aspect of AI.
Level 1 and Level 2 autonomous vehicles along with parking assistance and cruise control are gaining popularity for their use of AIs. If the current pace is maintained, within the upcoming 8-10 years, AI technology would be present in a majority of automotive applications and by the end of 2030, it is expected that 95-98% of new vehicles would have AI to some extent[1]. Autonomous vehicles are those that use artificial intelligence in some or all areas of functioning.
Level 1 vehicles include driver assistance, Level 2 includes partial automated driving, Level 3 incorporates conditional automated driving while level 4 & 5 cars have high/full automated driving. In light of such developments, it is not in the realm of the impossible that in the coming years, vehicles may be known by their software providers as opposed to being known by their hardware manufacturers. Many popular software based companies such as Google, Amazon, Uber have stepped into the realm of autonomous vehicles. One can look forward to observe the fascinating solutions that AIs could introduce to traditional problems which could even transform the functioning of the entire automotive sector.
July 2021 Car Sales – Snapshot
3 min read
Around 2,94,330 passenger cars were sold in the Indian market for July 2021. The sales shot up by 48.9 percent YoY and 15.2 percent MoM. The OEMs were able to streamline supply before the festive season and the dispatches have happened accordingly.
After the second wave of covid and lockdown across the country, there was a pent-up demand for passenger vehicles. The dealership stock levels were also low as many OEMs had plant maintenance shutdowns in parts of May’21. The production was ramped up significantly in July 2021 to serve the pent-up requirement and also prepare for the upcoming festivities. August marks the beginning of the festive season with Onam (biggest festival in Kerala) and Varamahakshmi (celebrated in parts of South India). The festivities will continue with Ganesha Chaturthi in Sep’21 and so on. This has led to adequate stocking levels across the channel.
Dealer Viability is the biggest concern of Auto Dealers across all segments of the Industry!
3 min read
Kia in 4W Mass, BMW & Mercedes in 4W Luxury, HMSI in 2-Wheeler, Bajaj in 3-Wheeler and VECV-Eicher in Commercial Vehicles hold Pole positions.
Federation of Automobile Dealers Associations (FADA), the apex national body of Automobile Retail in India today announced the outcome of Dealer Satisfaction Study 2021 results which was undertaken in association with PremonAsia, a consumer-insight led consulting & advisory firm based out of Singapore.
Morris Garages India turns 2 | What a Journey its been!
by WAF Editorial Team
•Morris Garages is a 97 years young Car Company. In India their entry or rather re-entry marks 2 years!
•MG vintage and classic cars have been around with the Royal Families and Car aficionados at India
•In just 2 years they have established a great brand, launched internet cars, electric & hybrid cars and even semi autonomous ones
•They have won the hearts of several Indian consumers and earned lot of blessings through their philanthropic work under the MG Sewa Umbrella
•Whew! All this and more in just 2 years and they are just getting started!
Continue reading “Morris Garages India turns 2 | What a Journey its been!”
COMMERCIAL VEHICLE ANALYSIS Q1: FY 2021-2022. Tata, Mahindra, Ashok Leyland, Maruti Suzuki & Others.
2 min read
The Passenger vehicles Industry registered a volume of about 1.05L units. This was a strong growth of about 74,164 Units over LY . The Industry growth was driven by Tata Motors which grew massively by more than 33,551 units. Followed by Mahindra which grew by 18,447 units and Ashok Leyland which grew by 13,175 units.
WAF Partners Niti Aayog & DST Govt of India for EV Battery and Connector Standardisation
by WAF Think Tank
WAF is the Industry Outreach Partner of Niti Aayog & DST for EV Battery & Connector Standardisation Program for 2 & 3W
Are we bothered about the size & shape of fuel nozzle which fuels our IC Engine vehicle currently ? Its a no brainer question. It might have been a huge problem last century when we had graduated from horse carriages to Motor Vehicles.
The world owes a lot to the people who worked on the standardisation back then!
Now as we ring in the EV era, we need to make the size, shape and dimensions of the batteries, a no brainer for the generations to come.
VW Sarvottam 2.0 powering Customer Experience in a Sarvottam Way !
by WAF Editorial Team
•Sarvottam is a hindi word and means The Best or The Best of the Best!
•As a run up to the most important year of #SUVW, the company wants nothing but the Best!
•Sarvottam 2.0 is a holistic program by VW India for the best and a memorable customer experience
Sarvottam 2.0 stands on the 4 pillars of Accessibility
1. Accessible Brand
2. Accessible People & Network
3. Accessible Product & Services
4. Accessible Information
Continue reading “VW Sarvottam 2.0 powering Customer Experience in a Sarvottam Way !”
This Financial Year 21-22: Q1 Analysis of Indian Auto Industry. [ UV/ Car/ Commercial /2W/3W]
2 min read
The Indian Auto Industry saw a total Volume of 31,80,039 units this Q1 for FY 2021-2022. This was almost double the LY volumes at a staggering 113.05% growth. The volume growth stood at 16,87,400 units against LY.
Key Takeaways of 5th WAFit! 2021 AI in Action
WAF
2 min read
Thought Leaders from Automotive and IT on one platform to create a Win-Win Future
The 5th WAFit (World Auto Forum on Information Technology) powered by FICCI and NASSCOM – Center of Excellence for IoT and AI, was held virtually on Saturday 26 June 2021. The theme of the conference was – AI in Action at Automotive & Mobility with thought leaders from Automotive and IT from across the globe sharing their views on how AI is being adopted by all important stakeholders in a Win-Win way. For attendees there was the three-pronged benefit of learning form Top AI Experts; earning the Prestigious WAF Certification as a Connected Vehicle Professional and getting Placement Assistance at WAF CXO Jobs.
Continue reading “Key Takeaways of 5th WAFit! 2021 AI in Action”
Indian Passenger Cars Sales Analysis – H1 2021
2 min read
The passenger vehicle industry is on a strong recovery path due to pent-up demand and has posted strong wholesale volume in H1 of 2021, defying current economic sluggishness induced by the COVID-19 pandemic, and high price inflation – both – passenger vehicle and fuel. In fact, 2021 H1 is the second-best H1 year wholesale, after 2018, in the entire history of India.
Continue reading “Indian Passenger Cars Sales Analysis – H1 2021”
Sustainable Electrification | Lohum shows the way
by WAF Editorial Team
•An innovative company on a mission to make EVs truly Green!
•An important step towards sustainable green mobility
•Lohum Shows and leads the Way!
Are EVs in the current day and age really green ? We are well aware of the environmental damage due to mining of battery raw materials and Battery Disposal.
Battery seems to be the New Arms Race of Mobility. The Most desirable chemical of last decade has been Cobalt. Most Lithium Ion batteries have been Cobalt based albeit new tech burgeoning.
Continue reading “Sustainable Electrification | Lohum shows the way”
Top 25 Selling Cars in India for June 2021 – Over 58% of sales came from Maruti Suzuki!
2 min read
The Top 25 Selling Cars constituted over 80% of the cars sold in June 2021. It had 11 models from Maruti, 4 from Hyundai, 3 from Tata & Mahindra, 2 from Kia, and 1 each from Nissan & Ford. In terms of volumes, Maruti Suzuki models contributed to over 58 percent volumes in the Top 25!
DOSTI Survey – Dealer, OEM & Leasing Co Satisfaction Trust Index Powered by Wiserfeed
Satisfaction & Trust are Mutual.
World’s First ever Dealer, OEM & Leasing Co Satisfaction Trust Index – DOSTI Score
Did you Check your Dosti Score ? Continue reading “DOSTI Survey – Dealer, OEM & Leasing Co Satisfaction Trust Index Powered by Wiserfeed”
Maruti Suzuki Sales Analysis for June 2021 – Wagon R, Swift, Baleno, Alto, Brezza
2 min read
Maruti Suzuki recorded domestic wholesales of 1,24,280 units in June 2021 and registered an increase of 278 percent compared to May 2021. The dispatches increased 142 percent in June 2021 vs June 2020.
The figures are encouraging as even in June 2020 India had recovered from Covid induced lockdown and 2021 posed a similar scenario. Maruti Suzuki in particular ensured that the supply was streamlined and the May 2021 shortfall could be recovered to an extent.
Continue reading “Maruti Suzuki Sales Analysis for June 2021 – Wagon R, Swift, Baleno, Alto, Brezza”
The ‘Indian Pre-owned Car Market Study’ commissioned by Volkswagen India to Frost & Sullivan revealed that by FY2025 organized platforms will contribute 45% to the total pre-owned car market
2 min read
- Key driver to purchase a used car: 72% of the current owners indicated that the desire to own a car is the most dominant purchase driver
- Most preferred variants amongst current and potential customers: There is high preference towards purchasing mid-variant models followed by top variant amongst both owners and intenders
Top 5 Gainers in Market Share this Year 2021 – Tata Motors, Nissan, Hyundai, Mahindra & Honda
2 min read
The Calendar Year 2021 had been entered with optimism, to say the least. We all would like to believe, be it personally or for the automobile sector, the worst is behind us. however, we still have a few challenges up our sleeves and should we fight together, we shall overcome this as well.
Coming to the auto industry, the year 2021 by default will be a big volume year. We have had more than 48 days of lockdown last year, so should we work by the normal, we shall deliver a handsome growth over last year. So, for the year till date analysis, all of us would see handsome growth volumes because of the simple reason, last year April our wholesale of the entire auto industry was at Zero. Continue reading “Top 5 Gainers in Market Share this Year 2021 – Tata Motors, Nissan, Hyundai, Mahindra & Honda”
Two Wheeler Retail Sales,May 2021. Hero Leads the way, followed by Honda, TVS, Bajaj & Royal Enfield
2 min read
Two Wheeler retails in May 2021 fell by almost 110% when compared to April 2021. The second wave of COVID-19 across India has been detrimental for the two-wheeler industry. While the two-wheeler market was among the first segments to grow in a post-COVID revival last year, the decline in sales this year is even more worrisome as the rural markets have been impacted as well.
May 2021 sales cannot be compared on a year-on-year basis as there was not much movement in the auto industry, hence we have compared the statistics with April 2021.
Indian Auto Industry Analysis- May 2021. [Cars+UVs+2Wheelers+3Wheelers] Domestic & Export Volumes.
2 min read
The Indian Auto Industry in total registered a production volume of about 8,06,755 units for the month of May 2021, this was a massive rise of over 4,67,267 over last year May 2020. Of course, one would attribute this to the low base of last year May 2020, due to the lockdowns and pandemic situation.
Nevertheless, we experienced growth in both Exports and Domestic sales. The exports grew by 3,06,378 units. and the Domestic sales grew by 1,26,348 units. Clearly, OEM’s placed their bets on exports in the month of May, rather than the domestic market which was mostly closed.
This Year till Date 2021: Top 10 Cars in Growth. Hyundai Creta, Kia Sonet, Maruit Swift, Tata Nexon
2 min read
The Indian car Industry saw a decent run from January 2021 up to May 2021. However, the last month of May did throw the production out of gear and we experienced a dip in production last month. Despite the consistent lockdowns and halt in production, we are poised to grow this calendar year over 2020, and grow handsomely. June will see a strong comeback since the production has started at almost all OEMs. Another point to note is, the growth figures this year will seem high for the obvious reason that last year we had zero production in the month of April 2020, which means we are a full month ahead of last year.
Growth is an important Parameter, which shows how the product has got its appeal in the market. While it may not be very relevant for cars that have long established themselves and have a higher base over Last Year, it is still very relevant for all of us to look at which car has got a higher acceptance from the customers over the last year.
This year 2021 YTD: Maruti Retains Rank-1 followed by Hyundai, Tata & Kia. Top 5 Car Manufacturers
2 min read
The Indian car Industry saw a decent run from January 2021 up to April 2021. However, last month May did throw the production out of gear and we saw a dip in production last month. Despite the consistent lockdowns and halt in production, we are poised to grow this calendar year over 2020, and grow handsomely. June will see a strong comeback since the production has started at almost all OEMs. Another point to note is, the growth figures this year will seem high for the obvious reason that last year we had zero production in the month of April 2020, which means we are a full month ahead of last year.
Tribute : The Box of Himachali Apples, the Bottle of Solan Wine and the Ever Charming Chanchal Pal Chauhan
by WAF Editorial Team
The Industry loses its Shining Star to Covid : Chanchal Pal Chauhan – A seasoned and a senior Auto Journalist with a prolific career spanning last 2 decades, known for his deep insights, his warm & disarming smile, his brutal honesty and unwavering commitment to the job at hand.
The Auto Journalism World shall never be the same again without you, Chanchal.
You shall always be missed for your class leading journalism!
Chanchal had joined the ET in 2007 as a special correspondent and covered “Mobility” as the main beat which included Automotive, Aviation, Policy, Defence and even MotorSports.
Being one of the top Auto journalists at Delhi, he was known for delivering exclusive and engaging stories. He loved to cover the M&A Stories of the transport world too.
Continue reading “Tribute : The Box of Himachali Apples, the Bottle of Solan Wine and the Ever Charming Chanchal Pal Chauhan”
WAF Gurus Live 21 Managing Teams & Businesses amidst the Second Wave
Points of Discussion
1. Our teams, Businesses have evolved all through 2020 , well so has the virus!
2. 100 years back , Spanish Flu had 3 waves, with the second one deadlier than the first one.
3. We have already adjusted, tweaked our way of working. What more needs to be done?
Continue reading “WAF Gurus Live 21 Managing Teams & Businesses amidst the Second Wave “
Top 5 things to Learn from Dr Pawan K Goenka
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 …
Handling stress….
“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.”
Continue reading “Top 5 things to Learn from Dr Pawan K Goenka”
Key Takeaways of WAF Gurus Live : The Future of Mobility – EV or FCEV?
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?
Continue reading “Key Takeaways of WAF Gurus Live : The Future of Mobility – EV or FCEV?”
WAF CFO Roundtable Key Takeaways
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
2020.
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
minutes.
WAF Gurus Live 20 : The Future of Mobility – EV or FCEV ? Must Attend!
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.
Continue reading “WAF Gurus Live 20 : The Future of Mobility – EV or FCEV ? Must Attend!”
Kia Motors India appoints Hardeep Singh Brar as National Head Sales & Marketing
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.
Continue reading “Kia Motors India appoints Hardeep Singh Brar as National Head Sales & Marketing”
WAF CFO Roundtable | Best Practices in Financial Management in the Covid Era
“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
Continue reading “WAF CFO Roundtable | Best Practices in Financial Management in the Covid Era”
CHRO Toolkit 2021 powered by WAF CHRO Roundtable
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.
Continue reading “CHRO Toolkit 2021 powered by WAF CHRO Roundtable”
Meet the New MD of Volvo Cars India – Jyoti Malhotra
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!”
Continue reading “Meet the New MD of Volvo Cars India – Jyoti Malhotra”
2nd WAF CHRO Roundtable 2021 – Online
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Connect with Top CHROs Club at World Auto Forum.
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Innovations & Best Practices in the Year of the Pandemic
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Balancing WFH, HSSE, CSR, Mental Health, Productivity, Families, Bottomline, Compliances
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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…
INDIA BUDGET 2021 HIGHLIGHTS
Key Highlights of Union Budget 2021-22 | From a CA’s Perspective
by CA Mohit Jain, Partner, Manoj Chhabra & Co
1) ESI/PF related additions
It has been specifically proposed to tax employers in case they fail to deposit PF/ESI/other funds related to employees on time given under the relevant acts. It has been included in the budget that the said provision is there to penalise the employers and hence no relief will be available if employee related dues are not deposited on time. Further, please note that if any litigation is pending in this regard, it will be very difficult to get relief for the same.
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.
Continue reading “Key Highlights of Union Budget 2021-22 | From a CA’s Perspective”
New Vehicle Scrappage Policy- Union Budget 2021-22
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.
Key Points:
- 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
An Insight into Vehicle Scrappage Policy
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.
Continue reading “New Vehicle Scrappage Policy- Union Budget 2021-22”
Road Safety and Transport Policy Index RSTPI
By WAF Team
Why can’t every day, week and month be dedicated to Road Safety, Proactively ?
Come join us for this important & most comprehensive program for State Govts to action basic On ground Initiatives to prevent accidents, reduce response time and save lives!
Continue reading “Road Safety and Transport Policy Index RSTPI”
