by CA Jatin Minocha
Direct Tax Related Changes
1. Tax Slabs tweaked and rates redefined:
Tax Rate for Assessment Year 2025-26 and Financial Year 2024-25
Continue reading “India’s Top CA Demystifies Union Budget 24-25 in 12 Simplified Shots”
Would Indians Love or Shove the Tesla ?
by WAF Auto Think Tank
Elon Musk coming to India next week is Big News! It’s speculated that Tesla just might invest a couple Billion Dollars in the third largest automotive market in the world!
After the EV Policy change, Tesla could have invested just half a Billion dollars to qualify for the newly constituted 15% Duty bracket down from the 100% one. But it seems, it chooses to invest much higher.
The richest man in the world coming to meet one of the most powerful leaders in the world around the time when the largest democracy in the world gets busy with it’s General Elections. Coincidence ? Fan Boy Moment ? Way to get more govt goodies post elections ? A competent strategy to ensure formidable global rivals like BYD stay in the rear view mirror ? Despite entering India much earlier!
India Vehicle Scrappage Policy – A Perspective
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:
Continue reading “India Vehicle Scrappage Policy – A Perspective”
Charge your EV at Local Kirana Shop and Electric Poles : India Innovates!
by WAF Think Tank
EV is a global phenomenon. Tesla became world’s most valued car maker despite being around for just a decade and with global annual sales volume under 370K. There is surely a lot of hype around EV Tech and Innovations. At the same time, it also seems the inevitable global future!
All Auto Makers have Electric Tech, Products and a future EV strategy already in place!
Electric Charging Network Pre requisite to EV Revolution ?
This could have been true for most other countries. India is an exception, as she chooses to innovate very differently, kill two birds with one stone.
The two birds being generate revenue and employment at grass root level and the other not to invest too much time and resources in doing so!
So ChargePoint, the World’s biggest Electric Charging Co is valued at USD 2.4 B pre IPO with currently 115K charging stations and planned expansion to 2.5 M charging stations by 2025
We have greater value at the bottom of the pyramid waiting to be unearthed! Here’s How…
Continue reading “Charge your EV at Local Kirana Shop and Electric Poles : India Innovates!”
Teachers’ Day Special “What I learnt from My Gurus”
Top Industry Gurus in the House.
Can you Miss it ?
We had started this Program Series WAF Gurus Live! during the Lockdown to empower and motivate the Industry folks round the world. It has already crossed 1 Million Views!
Teachers’ Day Special : An Ode to our Gurus & Teachers by the Top Industry Gurus. World Premiere on #WAFTV, 10 AM, Sat, 5 Sept, 2020 https://worldautoforum.com/waf-tv/
Top Automotive & Mobility Gurus shall power to pay their ode to their Gurus!
It shall go a long way in inspiring and awakening a whole New Generation, especially during these times, when we need to be there for each other the most. It’s the Time for Physical Distancing and being Socially closer than ever before!
3 Crucial Things before we go 100% EV | The Auto World this Week
3 Crucial Things so that Only EVs Sold after 2030.
by Anuj Guglani, CEO World Auto Forum
The entire world going Ga-Ga over EVs. But we need these 3 crucial things in place before 100% EV, else we shall be creating a Bigger Monster!
There is a huge Buzz around EVs. The Buzz is not just regional, its a global one!
2 Years back at the SIAM annual convention, our Honble Transport Minister had shaken the entire Industry by giving the target of 100% EV Post 2030. It sent most auto makers to their war rooms. A few weeks thereafter, the govt went soft on the deadline, for an industry already overburdened with BS6, New Safety Rules, CCI Norms, Dealer Inventories, NBFC Meltdown, GST, Phew!
Continue reading “3 Crucial Things so that Only EVs Sold after 2030.”
How Connected Vehicles can help us halve Vehicular Air Pollution & Road Accidents in an Year!
by Anuj Guglani, CEO , World Auto Forum
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Roughly 1.2 Million People died in 2017 due to Air Pollution in India. Top 10 Most Polluted Cities in the World are in North India, as per WHO Report
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Around 1.5 Lakh People die due to road accidents each year at India. That’s like a Jumbo Jet crashing everyday!
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Do we need to say Air Pollution and Road Safety are a National Priority or rather an EMERGENCY
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Lets see how Connected Vehicles can help clear the Air and also Prevent Road Deaths
Yes! It’s raining Connected Cars in India. MG & Hyundai showcased their Connected Car Tech recently, each claiming to be the Pioneer!
First Hybrid & Electric Vehicles Expert Network held at New Delhi.
New Delhi, Oct 27, 2017
First Hybrid & Electric Vehicles Expert Network held at New Delhi.
Environment Protection, Development of EV EcoSystem & Consumer Adoption Key Priorities
World Auto Forum to release Action Document on Hybrids & EV’s in partnership with Globally Renowned research firm Markets and Markets
World Auto Forum connects Auto Industry in 125 Countries. Recently it organised HEVEN – Hybrid & EV Expert Network at Hotel Hyatt Regency, New Delhi
It was well attended by Policy Makers from Niti Aayog, State govt Representatives, Senior Auto Industry Leaders, Suppliers, Designers, Tech Innovators and Academia
World Auto Forum thanks its Annual Partners for making #HEVEN17 happen. Gallops Motors, India’s Leading Auto Retailer provides class leading Customer experience. Auto ji is the leader in Auto Spare Parts Business. They have mastered cutting edge technology and processes in Supply Chain, E Commerce & Warehousing Innovations. Both working with leading Auto OEM’s in the country. MotorUncle.com is the online destination for Confused Car Buyer and Hassled Car Service Consumer. In a short time, it has served several customers pan India and created happy moments with their cars.
During the Welcome Address, Anuj Guglani, CEO World Auto Forum mentioned, “The Electric Continue reading “First Hybrid & Electric Vehicles Expert Network held at New Delhi.”
