The comments come in response to some media reports that the government was considering a proposal to ban sale of internal combustion engine (ICE) three-wheelers by 2023 and less than 150 cc two-wheelers by 2025."> Bajaj Auto, TVS say switching to EV by 2025 may derail auto manufacturing
IndiaCatalog.com
India News
Search Web Directory
News Home
Bajaj Auto, TVS say switching to EV by 2025 may derail auto manufacturing
Posted on 10th June 2019
Leading two-wheeler makers Bajaj Auto and TVS Motor Company said Monday that any plan to ban internal combustion engine three-wheelers and two-wheelers to adopt electric ones by 2025 would be "unrealistic" and "ill-timed" and derail auto manufacturing in the country.

The comments come in response to some media reports that the government was considering a proposal to ban sale of internal combustion engine (ICE) three-wheelers by 2023 and less than 150 cc two-wheelers by 2025.

Auto industry body SIAM has also advised the government to follow a well laid-out roadmap and a practical time frame for the rollout of electric vehicles (EVs) in the country.

Bajaj Auto Managing Director Rajiv Bajaj in a statement Monday termed the reported government's plan as impractical and ill-timed.

He listed out three execution-related concerns with the reported initiative.

"First that it may be impractical to target such a scale when none of the stakeholders currently possesses any meaningful experience with any of the pieces of the electric vehicle (EV) puzzle," Bajaj noted.

Secondly, it is ill-timed to target a date so close to BSVI implementation, he added.

"And finally, to target two and three wheelers but not cars etc makes it an incomplete initiative," Bajaj said.

He added that an appropriate middle path would be in the first phase to target such a changeover through corporate average fuel efficiency (CAFE) norms, electric vehicles for all vehicle categories from a particular date such as 2023 or 2025 starting with the most polluted cities of India.

He added that an appropriate middle path would be in the first phase to target such a changeover through corporate average fuel efficiency (CAFE) norms, electric vehicles for all vehicle categories from a particular date such as 2023 or 2025 starting with the most polluted cities of India.

TVS Motor Company Chairman Venu Srinivasan said, "To force an unrealistic deadline for mass adoption of electric two and three wheelers, will not just create consumer discontent, it risks derailing auto-manufacturing in India that supports 4 million jobs."

There is a need for gradual and seamless adoption of EVs to avoid such collateral damage and ensure our technology-driven disruption is positive and lasting, he added.

"We have been doing serious development work to ensure we can offer a mass market EV product that delivers on safety and high performance. This is necessary to co-opt consumers into making a switch, so it's driven by consumer willingness and, therefore, adopted easily and widely. The supporting infrastructure for charging also needs to be as robust as conventional fuel options."

The auto industry globally is still a long way away from all of this, as is India, he highlighted.

Industry chamber CII on Sunday said the government should carry out wider consultations before finalisation of goals and time lines for electric mobility.

Related Companies: Bajaj Auto Limited   TVS Motor Company   

Other Latest News
RIL likely to report slowest profit growth in 15 quarters, say analysts
Posted on 18th July 2019
The operating profit of Mukesh Ambani promoted Reliance Industries' (RIL) is expected to take a hit in the June quarter. Analysts estimate a decline in earnings before interest, taxation, depreciation and amortization (EBITDA). The company is also expected to see its slowest profit growth in the last 15 quarters. RIL will report its June 2019 ended quarter results on Friday.

Gold prices remain near record high, silver rates surge
Posted on 18th July 2019
Gold prices today remained steady in India near record highs while silver rates continued to surge. On MCX, August gold contracts were today trading higher at ₹35,094, after hitting a new high of ₹35,145 last week. The October gold contracts were near ₹35,600. The September silver contracts on MCX zoomed 0.72% to ₹40,467 per kg, reflecting a surge in global prices.

Demand for digitally skilled talent to grow at 35 pc CAGR:NASSCOM
Posted on 18th July 2019
Chennai: The demand for digitally skilled workforce would rise at 35 per cent Compounded Annual Growth Rate till 2023 of the current talent base of four million, Information Technology body NASSCOM said here on Wednesday.

NASSCOM said the top priority for it was to reskill this base and has taken a number of initiatives, the first of which was proposed tie-ups with educational institutions.


Sensex drops over 100 points; Yes Bank slumps over 10 per cent
Posted on 18th July 2019
Mumbai: Domestic equity benchmark BSE Sensex dropped over 100 points in early trade Thursday led by heavy selloff in Yes Bank shares, amid weak cues from global markets and unabated foreign fund outflow.

The 30-share index was trading 112.21 points or 0.29 per cent lower at 39,103.43 at 0930 hours, and the broader Nifty fell 32.05 points or 0.27 per cent to 11,655.45.


How HDFC disrupted itself
Posted on 18th July 2019
Aditya (Puri) decided to travel to California to take a close look at the disruptions that were being discussed.

In September 2014, Mastercard Inc., a leading global payments and technology company that connects consumers, business, merchants, issuers and governments around the world, organised the trip for Aditya, then chairperson of its advisory committee for the Asia-Pacific region.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Bajaj Auto, TVS say switching to EV by 2025 may derail auto manufacturing
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Bajaj Auto, TVS say switching to EV by 2025 may derail auto manufacturing

Most Read News

BSNL, MTNL beat Reliance Jio in January-March revenue growth

TCS launches free digital learning course to build career skills

HDFC to raise up to Rs 3,000 cr via bonds to augment long-term capital

Sensex resumes downward spiral; Bajaj Finance cracks 5%

Bank of Baroda to foray into e-commerce business

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement