Auto makers heave a sigh of relief as the Supreme Court on Friday lifted the existing diesel ban in Delhi-NCR region and allowed the vehicles back on road. Diesel cars and SUVs with engines over 2000cc were banned in the capital in December 2015 following the concerns expressed by the Green Tribunal as a measure to prevent further air pollution
This came as a huge shocker to the big car makers like Mercedes, Mahindra and Toyota who earned a major portion of their revenue from the diesel segment vehicles in the Delhi- NCR.
Following this, a joint petition was made by the Mercedes, a Toyota dealer and SIAM to remove the existing ban stating that they were ready to pay a cess until a judgement has been made on the Diesel engine's contribution to air pollution in the capital. They appealed on the ground that the pollution was not caused by the diesel vehicles alone and the right reason need to be figured out soon.
On Friday , a bench headed by Chief Justice of India T.S.Thakur modified the ban stating that the auto companies will be charged a 1% of the ex-showroom price on all diesel vehicles as 'Environment Protection Charges' towards the compensation for the pollution that their vehicles are likely to cause.
This judgement was opposed by the Central Government claiming that any right to levy tax was the right of the legislative and not to be done by any court. The Supreme Court is said to have agreed to consider this opposition positively.
Meanwhile, the environment charges will have to be paid by the manufacturers to a private bank in the state. Whether this tax will be passed on to the customers is yet unknown, but the automobile giants seemed to have been completely relieved after the removal of the ban. A top official from Mahindra said that they can now focus better on producing vehicles that comply with BS 6 norms.
Volvo launched their premium SUV, XC60 in a new avatar at a price of Rs.55.90 lakh. The second generation model appears in only one variant named Inscription and is based on the company’s in-house developed SPA platform.
Jaguar Land Rover launched their much anticipated SUV offering, Range Rover Velar in India at a starting price of Rs.78.83 lakh. Bookings for this vehicle had already begun in the beginning of this month. The Tata Motors owned company has now officially revealed the prices of the different variants of this particular model that has its base variant priced at Rs.78.83 lakh and top end variant at Rs.1.37 crore.
• Maruti Suzuki Ignis to be launched on 13th January 2017
• Addressed as a premium urban crossover, Ignis comes with a lot of unique features for the Indian specific model
• Available in both Petrol and Diesel trims and expected to be priced around Rs.5-7 lakh approximately
Hindustan Motors has signed an agreement with Peugeot, selling Ambassador Brand and certain related rights at a sum of Rs.80 crore. It also said that the proceeds of the sale will be used to clear all pending dues of employees and lenders.
Maruti Suzuki has launched the New Swift 2017 in Japan and it is just months away to the Indian launch. It is expected to reach India in the second half of 2017 and there has been some real buzz about it for quite some time now.
The unique and most loved car since 2005 has chosen a new avatar for the 2017 launch and is being awaited by the enthusiasts all over.
Honda WR-V (Winsome Runabout Vehicle), the sub compact crossover was unveiled at the 2016 Sao Paulo Motor Show in Brazil. Now, Honda is about to launch the same here in the country on March 16th, 2017. As WR-V rolls here, India will earn the name for being the first country to produce and launch it in the world. Previously named as the Jazz Twist, this crossover is based on the company’s best seller Honda Jazz but is slightly longer and taller than the latter.