Future Is Here!!
With the new market opportunity of Hybrid vehicles, the Indian automotive sector is all ready with various models of different manufacturers with electric motor, CNG and Hybrid section. Engines run on fossil fuel exhale dangerous and toxic gases, which destroy our environment and result in global warming.
Some serious decisions taken by the Supreme Court this year like the ban on the registration of heavy-duty diesel engine and ban on the taxis running on the diesel fuel in NCR totally change the game. Sale of hybrid vehicles shows a good growth in this area. In the quarter January 2016- March 2016, sale of vehicles in hybrid section rise near about 50% than previous year same quarter.
Again, odd-even formula to run your vehicle on the road in Delhi push the customers to turn towards this section as hybrid vehicles are relieved from this rule which turn to be beneficiary for its buyers.
After petrol and diesel running vehicles, it’s time for the hybrid section to gain its share of market by capturing strong hold on vehicle buyers. To uplift the market of hybrid section, the government also starts some of its initiatives to make them closer to affordability of the customer. 50% reduction in excise duty, relaxation of infrastructure cess of 1-4% are some measures taken by the government for this. Moreover, under FAME customers will get incentives while buying a hybrid vehicle.
Whether you are a buyer or a manufacturer, the future depends on these technologies. The faster you adopt and accept this, you will become more beneficial.