In its assessment of the impact on the medium and heavy commercial vehicle (MHCV) sector from Budget 2023, rating firm CRISIL has said that sales in the sector are expected to rise 35-37 percent year-on-year this fiscal, on a low...

Of the total commitment of Rs 19,700 crore for the National Green Hydrogen Mission, Rs 300 crore has been allocated for hydrogen infrastructure in Budget 2023. Industry experts, including those from rating agency CRISIL, are saying that this amount is...

SMEs, EV startups, and battery makers will be the largest gainers of the Rs 88,198 crore allocated for climate-related measures in the Union Budget 2023. This amount accounts for 2.0 percent of the total expenditure in fiscal year 2024, compared with 0.9...

Finance Minister Nirmala Sitharaman almost doubling FAME 2 Subsidies outlay with a 78 percent jump over FY23 allocations has evoked mixed reactions from domestic EV players. Speaking to Autocar Professional, Sohinder Gill, Director General of industry body Society of Manufacturers of Electric Vehicles...

The Union Budget 2023-24, which was presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1, comes out as a growth-oriented plan with emphasis on measures to stimulate demand as well as positively impact the supply chain to...

The Union Budget 2023 has allocated Rs 10 lakh crore for capital investments and Rs 79,000 crore for affordable housing. This increase of 33 percent bodes well for commercial vehicle demand, especially for heavier multi-axle vehicles and tippers, industry experts believe. Furthermore,...

Finance Minister Nirmala Sitharaman’s Budget has brought optimism and relief to the Indian automobile industry’s green players. The Budget has funded numerous programmes for green energy, green farming, green transportation, green equipment and energy efficiency policies across multiple economic sectors....

Expectations will be running high from the upcoming Budget with the automotive industry unitedly expecting a harmonisation of the goods and services tax (GST) on various automotive components, and the move could give a huge demand-generation push to the sector....

Alleging tyre manufacturing companies to be working under a cartel for keeping the cost of tyres high, the All India Motor Transport Congress (AIMTC) – a lobby group representing approximately 75 lakhs truckers and around 5 lakh private bus operators,...