"We are planning to unveil and launch an electric vehicle in India by 2019". The USP of this edition would be a completemetamorphosis, a gradual transition from mere static display of vehicles to showcasing a consolidated package of "Entire Mobility Eco-System", thus complementing the ambitious goal of the government to gradually movetowards "Green Mobility".
The imprint of electric vehicles could be seen at virtually every pavilion at the Auto Expo on Wednesday, but automakers expressed the need of a firm electric vehicle policy to address the issues in adoption of the new technology. The homegrown auto major also registered a whopping 55% growth in its passenger vehicle sales in January 2018, and 38% growth in commercial vehicles in the same period. He added the funding will help the company in its expansion plans and is expected to be closed by June this year.
After months of testing and uncertainty over the future of electric mobility in India, Emflux Motors, a Bengaluru-based technological start-up, finally announced the launch of its highly anticipated electric sports bike - Emflux One- in India on the second day of Auto Expo 2018.
Annual passenger vehicle sales in India crossed 3 million units previous year and the country is expected to become the world's third-largest auto market by 2020, trailing only China and the United States.
RBI Governor Urjit Patel: 2018/19 inflation projected at around 4.5 percent
There is, therefore, need for vigilance around the evolving scenario in the coming months", the statement said. The central bank made a decision to keep repo rate unchanged at 6% under liquidity adjustment facility.
"The Motor Show" 2018 is being held from February 9-14, 2018 at the India Expo Mart, Greater Noida.
Indian automotive giant Tata Motors Ltd plans to set up a passenger vehicle manufacturing plant in Bangladesh for domestic customers as well as markets in northeast India, said a top official of the company.
India is not alone in wanting all-electric cars - Britain and France hope to achieve this by 2040 - but New Delhi wants to go faster than others. The company also showcased technological advancement in electric and hybrid technology with global technological marvel Ioniq.
Another electric auto maker startup Menza Motors today launched its electric motorcycle Menza Lucat priced at Rs 2,79,999 (ex-showroom).
Leaky roof forces Pacers-Pelicans postponement
A leak in the building's roof allowed rainwater to seep onto the court, and a delay began shortly before the scheduled tipoff.
On the luxury front, German carmaker Mercedes-Benz displayed its Concept EQ, with the appearance of a sporty SUV, giving a preview of a new generation of vehicles with battery electric drives. According to Renault, the Zoe electric auto is flawless for the Indian market and will introduce it once proper ecosystem is built for sustaining electric cars in India. "We are looking to sell at least 5,000 units by 2019 and we have an installed capacity of approximately 35,000 units in Pune", said LMMW CEO Pranav T Desai. The company's latest electric vehicle concept - the PCX Electric - which made its global debut at the Tokyo Motor Show 2017, will also be showcased at the Auto Expo.
High-end automobile manufacturer Toyota Kirloskar Motor unveiled the "B-High" segment auto "Yaris" which is seen as its most anticipated launch this year.
Honda Motorcycle and Scooter India unveiled its most extensive product line-up of 11 new models. The remaining launches were 2018 versions of 10 of Honda's existing two-wheeler models.
"The new scooter range - Maestro Edge 125 and Duet 125 - will be introduced in the market by the second quarter of FY19, while the on/off road bike XPulse will be launched ahead of the festive season to delight the thrill-seekers in India", Hero MotoCorp said.
Government Shutdown Averted Following House Of Representatives Vote
House Democratic leaders opposed the measure - arguing it should resolve the plight of Dreamers - but not with all their might. The stopgap funding and budget measure, approved by a 240-186 House vote, will go next to President Donald Trump.