The government plans to impose an additional 30% environment compensation charge on diesel vehicles and is considering tightening the emission norms by mandating fuels compliant with Euro-IV norms
Market has halved over two years as consumers opt for cheaper, fuel-driven cars
India’s move to popularise electric vehicles has skidded on policy flip-flop and consumer propensity to opt for the cheaper fossil fuel-driven variants. The size of the domestic market for electric vehicles, primarily two-wheelers, has more than halved over the past two years, forcing about half a dozen manufacturers like BSA Motors, Ultra Motors, Luminous and Eco Motors to shut shop.
Motorcycles, Scooters to get costlier by . 1,500-10,000
The government is set to drive in stricter emission norms for two-wheelers which will make motorcyles and scooters less polluting but costlier by . 1,500-10,000. New emission norms for two wheelers to be sold in the country from 2015 have been finalised and will be notified shortly, a senior government official told ET. “We have carefully scrutinised the requirements for the Indian market.
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The fuel that powers the construction and agriculture industries has become a darling of Indian automakers fighting the worst slowdown in two years.
Diesel, which is 40% cheaper than petrol and about 30% more efficient, is reviving a fading line of car buyers who were turned off by the soaring price of petrol.
