The budget 2008-2009 disappoints the green brigade. It does not offer anything new to accelearate the renewable energy mission. As it was being expected that some new public-private partnerships plan may be announced, nothing has came in that direction.
There are many areas where the Indian Government can steer the usage of renewable energy, but no new directives from big bosses. Presently this sector needs a big push to make steps in right direction, yet it lacks support from New Delhi.
As in my previous post there were some indicatives of funds which may get allocated to municipalities, some energy effeciency projects which the state governments may undertake, but there are no such funds getting allocated from centre, so lets hope for least from the state governments.
Monday, March 3, 2008
Saturday, March 1, 2008
Excise duty cut for Hybrid cars
In the Union Budget 2008-2009, the excise duty cut have been proposed, this should boost the sales of hybrid cars.
Finance Minister has provided relief to auto manufacturers of hybrid cars by reducing the excise duty on them from 24% to 14%. These cars are currently not on sale in India, and use a combination of electric motors with gasoline/diesel engines to enhance efficiency and reduce pollution.
Effective April 1, 2008, the move paves the way for manufacturers such as Honda Siel, Toyota India and Mahindra & Mahindra to immediately launch their vehicles that were on display at the Auto Expo in January. These include the Honda Civic hybrid and the Mahindra Scorpio hybrid, while Toyota have displayed the technologies surrounding the Prius in past years.
Both the Prius and the Civic will enter through the import route, while the hybrid Scorpio will be developed and locally manufactured.
Finance Minister has provided relief to auto manufacturers of hybrid cars by reducing the excise duty on them from 24% to 14%. These cars are currently not on sale in India, and use a combination of electric motors with gasoline/diesel engines to enhance efficiency and reduce pollution.
Effective April 1, 2008, the move paves the way for manufacturers such as Honda Siel, Toyota India and Mahindra & Mahindra to immediately launch their vehicles that were on display at the Auto Expo in January. These include the Honda Civic hybrid and the Mahindra Scorpio hybrid, while Toyota have displayed the technologies surrounding the Prius in past years.
Both the Prius and the Civic will enter through the import route, while the hybrid Scorpio will be developed and locally manufactured.
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