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Base effect, fuel prices dent September passenger vehicles’ sales

The off-take of the sub-segment such as passenger cars dipped by 5.57 per cent during the month under review to 197,124 units.

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Car Sale Down

New Delhi, Oct 13 : Unfavourable base effect, along with high fuel and interest costs dented the sales of domestic passenger vehicles in September 2018, data showed on Friday.

According to the data furnished by the Society of Indian Automobile Manufacturers (SIAM), sales of passenger vehicles — cars, utility vehicles and vans — declined by 5.61 per cent to 292,658 units from 310,041 units sold in the corresponding period of last year.

The off-take of the sub-segment such as passenger cars dipped by 5.57 per cent during the month under review to 197,124 units.

Similarly, utility vehicles’ sales edged-lower last month. The off-take was lower by 8.29 per cent during the month under review to 77,378 units.

However, sales of vans increased by 7.27 per cent to 18,156 units.

Similarly, sales of overall commercial vehicles zoomed. It rose by 24.14 per cent to 95,867 units in September. The segment is a key indicator of economic activity.

The data pointed-out that off-take of three-wheelers accelerated by 11.65 per cent to 69,066 units during the month.

In addition, overall sales of two-wheelers, which include scooters, motorcycles and mopeds, climbed by 4.12 per cent to 2,126,484 units.

As per the data, total sales of the Indian automobile sector rose by 3.72 per cent during September 2018 to 2,584,096 units across segments and categories.

The overall exports of vehicles across categories also edged higher by 17.05 per cent to 414,428 units.

“PV sales decline of 5.6 per cent YoY during September-2018 came on very high base of September-2017, when industry clocked its highest ever monthly wholesale dispatches of 3.1 lakh units,” said Ashish Modani, Assistant Vice President, Corporate Sector ratings, ICRA.

“Weaker Q2 sales in FY2019 was expected, given high base of last fiscal and delayed festive season in current fiscal. Volume should recover in subsequent months with onset of festive season; however, higher fuel prices remain a drag on customer sentiments.”

Sridhar V, Partner, Grant Thornton India said: “The commercial vehicles are still on a roll this September and the enablers have been the road infrastructure and state of the economy. CV’s have achieved the second highest volume in the last 30 months.”

“Two Wheelers have also shown a healthy growth and probably their best performance yet in the last 30 months with motorcycles sales doing well.”

“However, while passenger vehicles have shown a YoY decline the numbers remain healthy. The decline is only due to the highest number ever hit in September 2017 coupled with rise in fuel rates, interest rates and deferment of some buys on account of expectation of new introductions, updates and price cuts expected during the ensuing festival season.”

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Tesla plans cheaper $25,000 electric car within 3 years: Elon Musk

Musk also announced that as well as purchasing batteries from Panasonic and LG Chem.

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Tesla CEO Elon Musk

San Francisco, Sep 23 : Elon Musk has said that Tesla plans to produce an electric car with a price tag of $25,000 within the next three years.

The aim, said Musk on Battery Day on Tuesday, is to make Tesla electric cars more affordable for the masses.

“That will basically be on-par or slightly better than a comparable gasoline car. This has always been our dream to make an affordable electric car,” he said during the virtual presentation.

The cheapest Tesla Model 3 that made its debut in February 2019 currently costs $35,000. it offers a 350-km range, a top speed of 210 km per hour and acceleration from 0-100 km per hour in 5.6 seconds.

“Tesla says has only been made possible by shifting sales to an online-only platform and by winding down physical outlets,” reports ZDNet.

Tesla is known for the Model Y, Model S, Model X, and Model 3 product lines.

“For a lot of people, they want to buy a Tesla, but they simply don’t have the money. We could make the car infinitely desirable, but if someone does not have the money, they won’t buy it,” Musk said.

The Tesla CEO also announced the development of a new battery cell and a reduction in cell cost per kilowatt-hour.

The main announcement was Tesla’s new larger cylindrical cells. It was claimed the new batteries will provide five times more energy, six times more power and 16 per cent greater driving range.

“But the technology announced is likely to take years to implement. Tesla’s approach includes integrating the battery so that it forms part of the structure of the vehicle, thereby reducing the effective weight of the battery,” reports the BBC.

Musk also announced that as well as purchasing batteries from Panasonic and LG Chem.

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BS-IV vehicles needed for public utility services & purchased up to March 31 be registered: SC

The issue of pollution from vehicles had cropped up before the apex court which is hearing a matter related to air pollution in the Delhi-national capital region (NCR).

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New Delhi, Sep 18 : The Supreme Court Friday said BS-IV vehicles, which were purchased on or before March 31 this year and are necessary for municipal corporation in Delhi to carry out essential public utility services, should be registered.

The apex court had in October 2018 said that no BS-IV compliant vehicle would be sold or registered in India from April 1, 2020.

In 2016, the Centre had also announced that India would skip the BS-V norms and adopt BS-VI by 2020.

BS emission norms are standards instituted by the government to regulate output of air pollutants from motor vehicles.

The matter came up for hearing before a bench headed by Chief Justice S A Bobde which dealt with applications related to registration of three types of vehicles — CNG , BS-IV and BS-VI compliant — for being used for essential public utility services.

“Insofar as CNG vehicles are concerned, there cannot be any valid rejection to the vehicles, as the emission from these vehicles is within the limits. Therefore, we direct that these vehicles may be registered,” said the bench, also comprising Justices A S Bopanna and V Ramasubramanian.

It noted that BS-VI norms came into force on April 1, 2020 and vehicles purchased up to March 31 this year were BS-IV compliant.

“Admittedly the emission from BS-VI compliant vehicles is within the norms and hence the vehicles purchased on or after April 1, 2020 and which are BS-VI compliant, should also liable to be registered,” it said.

The top court noted in its order that BS-IV compliant vehicles purchased up to March 31 this year must have been registered with the E-Vahan portal of the government before the cut-off date to establish the date of purchase.

“If the purchase had been made on or before March 31, 2020 and these vehicles are BS-IV compliant, such vehicles necessary for the municipal corporation to carry essential public utility services should also be registered. But such cases shall be scrutinized by the Environment Pollution Control Authority (EPCA),” the bench said.

The bench said to avoid repeated applications being filed before the court just for the purpose of getting registration, “we direct that the EPCA shall scrutiny the pending cases and submit a report to this court so that a common order could be passed without the necessity for several interlocutory applications.”

The issue of pollution from vehicles had cropped up before the apex court which is hearing a matter related to air pollution in the Delhi-national capital region (NCR).

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Elon Musk says Bill Gates has ‘no clue’ about electric trucks

Gates further said that “you’ll even be able to buy an all-electric pick-up truck soon thanks to legacy companies like GM and Ford and new carmakers like Rivian and Bollinger”.

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Tesla CEO Elon Musk

San Francisco, Sep 13 : Tesla and SpaceX CEO Elon Musk has hit back on tech billionaire Bill Gates who earlier cast doubt on his ability to develop electric vehicles for long-haul travel.

Reacting to a Twitter follower who asked Musk about his opinion on Gates’ comment on the viability of electric trucks, Musk replied: “He has no clue”.

Gates wrote in a blog post in late August that the problem with long-haul electric vehicles is that batteries are big and heavy.

“Even with big breakthroughs in battery technology, electric vehicles will probably never be a practical solution for things like 18-wheelers, cargo ships, and passenger jets. Electricity works when you need to cover short distances, but we need a different solution for heavy, long-haul vehicles,” Gates wrote.

He pointed to biofuels — rather than battery power — as a possible solution for commercial vehicles.

On the other hand, Musk is pretty excited about electric trucks and has reportedly directed Tesla to ramp up production of the Semi, a commercial vehicle with a range of up to 800 kms, for its upcoming debut.

Gates further said that “you’ll even be able to buy an all-electric pick-up truck soon thanks to legacy companies like GM and Ford and new carmakers like Rivian and Bollinger”.

Microsoft co-founder Gates told CNBC last month that “Elon’s positioning is to maintain a high level of outrageous comments”. He was referring to Musk’s comment on fake Covid-19 positive cases being reported, indirectly questioning the Covid testing process of the US government.

“He’s not much involved in vaccines. He makes a great electric car. And his rockets work well. So he’s allowed to say these things. I hope that he doesn’t confuse areas he’s not involved in too much,” Gates was quoted as saying.

Gates is the world’s second-richest person while Musk is now at fourth position.

The electric car maker Tesla is set to showcase “many exciting things” at its Battery Day on September 22, Musk has said.

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