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Long-term policies, stable regulatory roadmap required for auto sector: Toyota

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NEW DELHI: A stable long-term regulatory roadmap and policy framework is required for the domestic auto industry, which is currently reeling under a prolonged slowdown, Toyota Kirloskar Motor (TKM) Vice Chairman Vikram Kirloskar said on Friday.

Speaking at SIAM annual convention here, Kirloskar said long-term policy framework is important to safeguard industry competitiveness.

“Today we stand at crossroads with various technological pathways and alternate energy options available for cleaner, greener sustainable future. We need to pause and revaluate our options keeping in mind the recent geopolitical developments, ultimate national objectives including building a self-reliant India and safeguarding industry competitiveness,” Kirloskar said.

Based on this, it is essential that a long-term stable regulatory roadmap and policy framework is created for the sector, he added.

The auto industry had built a lot of resources over the years but in this one year it lost almost all of it, Kirloskar said.

“In the future, as we go along, there should be long-term plans for the automotive segment.. it would help this industry reach the pinnacle of the economy once again,” he added.

Kirloskar, however, sought a relook at timelines of upcoming regulations due to the ongoing slowdown and COVID-19 situation.

“As an industry we have always requested that there should be no changes to regulations once they are decided and notified. However, the adverse impact of the pandemic on the industry is unprecedented and it warrants a relook at timelines of future regulations like fuel efficiency norms and BS-VI second phase,” he noted.

Policy interventions and regulations should focus on larger national imperatives and be technologically neutral, Kirloskar said.

Globally this approach has given good results, he added.

“One good example is linking taxation to fuel efficiency and carbon emissions, this is a simple transparent and impactful approach,” Kirloskar noted.

He added that the government should also come up with a national fuel road map.

“Given the multitude technologies for cleaner alternative fuel options, having a comprehensive integrated national fuel road map will help industry make informed investment decisions,” Kirloskar said.

As the auto sector traverses through this turbulent phase, it is fully confident of the continuous support of the government in taking necessary steps to revive the economy, he noted.

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Cummins India completes BS-IV emission standard certification tests for wheel equipment

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MUMBAI: Engines and power equipment manufacturer Cummins India said on Monday it has successfully completed BS-IV emission standard certification tests for its wheel equipment at the International Centre for Automotive Technology (ICAT). The new BS-IV (construction equipment vehicle) norms for wheeled equipment such as wheel loader, backhoe loaders, compactor, harvester and paver are to be implemented from April 1, 2021, and Cummins India has accomplished the task much ahead of the deadline, the company said in the the release.

The latest engine can easily be scaled up to BS-V emission norms and beyond, it said.

“As India looks to boost its economy through infrastructure growth, we are all set to evolve from mechanical to new generation, fully electronic engine systems,” said Cummins India Managing Director Ashwath Ram.

He added that these new engine systems will be powered by Cummins’ best-in-class technology and will ensure higher uptime, better total cost of ownership, easy installation and cleaner emissions and, hence, will deliver superior value to end-users.

Cummins India Vice-President (Engine and Component Business) Anjali Pandey said this new four-cylinder, 4.5-litre CEV BS IV-compliant engine system will further help Cummins enhance its presence in the construction segment while meeting stringent emissions standards and providing value to the customers.

Globally, more than one million Euro-VI/BS-VI equivalent and higher emission vehicles are running with Cummins’ engine and after-treatment system, the company said.


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gst: Govt support in GST cut to aid entire PV industry: Tata Motors

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NEW DELHI: Any kind of support from the government in terms of GST reduction would help the passenger vehicle segment immensely as it would negate some of the price increase in vehicle prices due to the shift to stricter BS-VI emission norms, according to a top Tata Motors executive.

In an interview with PTI, Tata Motors President, Passenger Vehicles Business Unit, Shailesh Chandra said the reduction in vehicle prices would even help end customers who have been facing various pressures owing to the current state of the economy.

“Due to this transition from BS IV to BS VI, there has been a significant escalation in cost. In these trying times customers are not very confident about the outlook how the future is going to be including their salaries and jobs.

“On top of that there has been an increase in vehicle prices. It definitely impacts the industry immensely and any support by the government to reduce GST to offset some of the price increase will definitely boost the whole PV industry,” Chandra noted.

He was replying to a query whether lowering of GST would help revive the industry.

The Indian automobile industry leapfrogged to BS VI emission standards from BSIV from April 1 this year.

While auto companies put in around Rs 40,000 crore to upgrade their facilities and products, the auto components industry chipped in with an investment of Rs 30,000 crore for the same.

Chandra said there has been a significant escalation in cost due to the transition from BS IV to BS VI emission regime.

“It (reduced GST) will help consumers who are going through low buying sentiments because of uncertain and precarious outlook for the economy and their source of income. So definitely it will be helpful to boost the volumes for the passenger vehicle industry,” he said. Currently, automobiles attract GST of 28 per cent with additional cess ranging from 1 per cent to 22 per cent.

When asked about the electric vehicle segment, Chandra said the government has done its part and it was now up to the ecosystem players to participate in the process.

“As far as the government is concerned, the trust they have been bringing to electrification is something which very few governments across the world have done. Significant capital has been diverted towards the FAME scheme and others including charging infrastructure and R&D,” Chandra said.

It is now up to the manufacturers now to scale up their operations, he added.

“Government has done a lot and the only thing that the government can consider is giving FAME scheme benefits to the personal car segment as well. Incentives currently are being directed towards shared mobility and it is not gaining traction as during the pandemic the fleet segment has got impacted a lot,” Chandra said.

Personal car segment is 90 per cent of the industry and even a lower penetration of this 90 per cent segment would bring more visibility to the electric segment in the country, he added.

“Demand can be triggered through personal segment. Keeping that in mind if FAME incentives are also provided to personal segment electric cars which meet the criteria of price, localisation, range it will just accelerate the process of electrification in the country,” Chandra noted.

Tata Motors currently sells Nexon EV and two trims of Tigor with different range outputs. During the July-September quarter, the company has sold over 900 electric vehicle units. Since January, over 1,500 units of the Nexon EV have been sold.

“We believe in the future of electric mobility. We already have two versions of Tigor, we have Nexon EV, and we have announced Altroz EV, something which we are working on. There will be additional versions and products which will come in the coming years,” Chandra said.


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Tesla is reportedly shipping 7,000 made-in-China cars to Europe

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A gigafactory of electric carmaker Tesla is seen in Shanghai, China October 18, 2019.

Aly Song | Reuters

BEIJING — Tesla will begin shipping made-in-China electric cars to Europe on Tuesday, according to Chinese media reports.

About 7,000 Model 3s made at the Shanghai gigafactory are set for arrival in Belgium at the end of next month, with planned deliveries to many countries including Germany, France, Italy, the Netherlands, Portugal, Switzerland and Sweden, state-backed news outlet The Paper said Monday.

Tesla did not immediately respond to a CNBC request for comment.

Covid-19, which first emerged late last year in the Chinese city of Wuhan, has hampered the ability of businesses around the world to resume work. The spread of the disease stalled within China earlier this year. But the pandemic has persisted in the United States and Europe and countries in the West continue to grapple with concerns about a second wave.

Following past manufacturing issues, Tesla CEO Elon Musk said the automaker produced 143,036 vehicles in the third quarter. The company said that Model 3 production capacity for the Shanghai factory, which opened one year ago, has now reached 250,000 units a year.

Last week, Chinese regulators announced that Tesla is recalling up to 48,442 of its U.S.-made Model S and Model X cars that were sold to customers in China, due to potentially faulty and unsafe front and rear suspensions.

Helped by supportive government policies and less costly technology, analysts predict that Europe and China — the largest auto market in the world — will see significant growth in electric vehicle sales in the coming years.

CNBC’s Lora Kolodny contributed to this report.


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