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India to sale only three wheel electric vehicles by 2023

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Three wheel electric vehicles, Electric vehicles, Air pollution, Automobile industry, Vehicular pollution, Auto mobile sector, Car and Bike

New Delhi: The Government of India has taken initiative to reduce air pollution with idea of manufacturing three wheel electric vehicles. Orders have been given to auto mobile industry to start sale of three wheel electric vehicles by 2023.

Two wheeler with engine capacity of 150cc, which are coming out of showroom has to come in power by electricity from April 2025.

 

Three wheel electric vehicles, Electric vehicles, Air pollution, Automobile industry, Vehicular pollution, Auto mobile sector, Car and Bike

A high level government panel is willing to reduce vehicular pollution for bringing major changes in the country. More than two crore units of vehicles are sold annually, which creates traffic of more than 3 quarter in India.

This decision will not impact the registration of vehicles up to cut-off date as they would already be in action.

 

Only three-wheeler electric vehicles to play on roads by 2023:

 

The Government will provide 4-6 years transition window during which they will provided auto industry some time so that they can recover large amount of money which they will be spending in manufacturing BS-VI complaint vehicles from April next year.

Inter ministerial steering committee Niti Aayog and CEO Amitabh Kant is giving deadline to auto industry for delivering vehicles, school and city buses.

 

Three wheel electric vehicles, Electric vehicles, Air pollution, Automobile industry, Vehicular pollution, Auto mobile sector, Car and Bike

Though, auto mobile industry will find it difficult to complete their work within given time limit.

The committee is putting all their efforts to double subsidy and to make electric three wheelers to Rs 20000 per kilo watt hour so that it could become as affordable as fossil fuel.

Government is contemplating to give strict fuel efficiency rules for petrol and diesel vehicles. The government is also providing financial and other concession for electric segment.

 

Automobile

2 Lakh jobs cut in Automobile sector

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New Delhi: Federation of Automobile Dealers Association (FADA) claims that around 2 lakh jobs will be cut across Automobile Industry in last 3 months. “The majority of job cuts have happened in the last three months. It started around May and continued through June and July,” FADA president Ashish Harsharaj Kale.

With no immediate signs of recovery, FADA says that more jobs may have to be cut down because of constant shutting down of the Automobile Dealership centers. The main reason behind this is the cut down of sales in past three months.

According to Ashish Harsharaj, the two lakh jobs cuts in the last three months are over and above the 32,000 people who lost employment when 286 showrooms were closed across 271 cities in the 18-month period which ended in April this year.

Around 2.5 million people were employed directly through around 26,000 automobile showrooms operated by 15,000 dealers. Another 2.5 million are indirectly employed in the dealership ecosystem, Ashish added.

As per Society of Indian Automobile Manufacturers (SIAM) figures, vehicle wholesale across all categories declined by 12.35% to 60,85,406 units in April-June against 69,42,742 units in same period of last year. Passenger vehicles (PV) segment has been the worst hit with sales continuing to decline for almost a year now. In July, market leader Maruti Suzuki reported a 36.3% drop in its domestic PV wholesales, while Hyundai saw a dip of 10%. M&M sales were down 16%, Tata Motors’ PV sales fell 31% while that of Honda Cars India Ltd (HCIL) also came down 48.67% during the month.

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