
Transport Minister for retrofitting of autos with electric motors
Transport Minister Ponnam Prabhakar on Tuesday urged automobile manufacturers to explore retrofitting existing autorickshaws with electric motors as a key step towards sustainable urban mobility.
Speaking at the launch of Bajaj's electric three-wheeler, GOGO, he proposed a scheme to replace internal combustion engines (ICE) with battery-powered motors alongside an exchange programme for old vehicles.
The Minister congratulated Bajaj Auto for its foray into the electric three-wheeler market and suggested that the company take the lead in developing retrofitting solutions. He noted that permissions for autorickshaws running on CNG, LPG, and electric power are in the pipeline, reflecting the government's commitment to greener transport alternatives.
Mr. Prabhakar said that under the leadership of Chief Minister A. Revanth Reddy, the State government has introduced a zero-tax policy on electric vehicles to EV incentivise adoption. He said the sale of electric vehicles in the State is steadily increasing.
As part of Telangana's broader environmental agenda, the Minister said efforts are underway to ensure that all public transport vehicle owners operating within Hyderabad's Outer Ring Road opt for electric power in order to curb pollution levels.
Describing Bajaj's electric three-wheeler as a vehicle developed after extensive research and development, he emphasised its potential to set new benchmarks in the segment.
Addressing concerns over a perceived drop in autorickshaw demand by passengers following the introduction of the Mahalakshmi Scheme that provides free bus rides for women, he clarified that such perceptions are misplaced. He pointed out that autorickshaws remain crucial for last-mile connectivity, transporting passengers from bus stops and metro stations to their homes.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India.com
an hour ago
- India.com
One move by China and 21000 Indians may lose jobs! these sectors at risk due to…
The country's audio electronics sector faces the potential risk of loss of over 21,000 jobs due to China's restrictions on rare earth metal exports, as per estimates shared by industry body ELCINA with the government. In April, China introduced restrictions on export licensing requirements for rare earth elements like terbium and dysprosium, critical components for manufacturing high-performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electronics. The country's oldest electronics industry body said that the move has disrupted global supply chains, hitting India's fast-growing hearables and wearables sector hard and the device makers are switching to import fully assembled speaker modules from China. 'This creates a regressive trend-from component manufacturing back to finished good imports dependency. Over 5,000-6,000 direct jobs and 15,000 indirect jobs are at risk in speaker and audio component manufacturing especially in Noida and South India,' Elcina stated in the report. Elcina estimates that the rare earth metal-based magnets account for around 5-7 per cent of the bill of materials and India imports nearly 100 per cent of its NdFeB magnet requirement with China accounting for 90 per cent of the total imports. The industry body said that prices of China-origin magnets have increased due to tightened supply and administrative bootlenecks and other sources such as Japan, EU and the US are 2-3 times more expensive and also lack sufficient capacity to meet India's rising demand. Electronics manufacturing services firm Videotex, which produces televisions, said rare earth-based magnets are critical in TV manufacturing, particularly for speakers, due to their superior performance and compact size. 'As the country remains heavily reliant on imports for these components, this presents a clear challenge. However, the specific impact on the television manufacturing segment is expected to be relatively limited. We are working closely with our suppliers to ensure adequate stock for the upcoming season, thereby maintaining production continuity,' Videotex Director Arjun Bajaj said. Videotex makes TVs for Havels (Lloyd), Reliance Group (BPL & Reconnect), Vijay Sales, Toshiba and over 25 other brands. 'Additionally, based on supplier guidance, we are actively exploring alternative solutions such as ferrite magnets, which offer reasonable performance trade-offs. While the disruption is significant, it also underscores the importance of long-term strategies to localise and diversify our component sourcing,' Bajaj said. Elcina has urged the government to initiate government-to-government (G2G) dialogue with China, explore industry-specific exemptions similar to those seen in semiconductor trade channels, boost local research and development and manufacturing of rare earth magnets under the electronics component manufacturing scheme. The industry body has recommended government explore the possibility of rolling out a production-linked incentive scheme for critical minerals. (With inputs from PTI)
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
85% of 2Ws to be impacted on ABS rule; Hero MotoCorp most exposed: Nomura
Nomura on Indian two-wheelers: The government's decision to make anti-lock braking systems (ABS) mandatory for all two-wheelers sold domestically from January 1, 2026, is set to impact nearly 85 per cent of the market, primarily vehicles in the sub-125cc category, analysts at Nomura said, in a note dated June 20, 2025. This is a major expansion of the current regulation, which only applies to models with engine capacity above 125cc. According to reports, the Ministry of Road Transport and Highways is expected to issue an official notification soon. The regulation is aimed at improving road safety by reducing accidents. ABS prevents wheel lock-up during sudden braking, helping maintain control and stability. In FY25, two-wheelers below 125cc formed the majority of domestic volumes. Internal Combustion Engine (ICE) motorcycles in this category accounted for roughly 76 per cent of sales at 9.26 million units, while scooter sales—almost entirely under 125cc—stood at approximately 7.1 million units. Combined, these segments contributed 16.9 million units, representing about 85 per cent of total domestic two-wheeler sales. Among OEMs, analysts at Nomura said Hero MotoCorp is likely to be the most impacted, with 99 per cent of its domestic volumes coming from the sub-125cc segment. Honda India follows with 89 per cent, while TVS Motor Company and Bajaj Auto are at 86 per cent and 72 per cent, respectively. Proposed rules may weigh on demand The proposed rule, while expected to boost safety, could weigh on demand, Nomura analysts said. The additional cost burden, estimated at ₹3,000 per unit (₹2,000 for the ABS unit and another ₹1,000 for a single disc brake where not already fitted), may lead to a price hike of 3–5 per cent. OEMs are likely to pass this cost on to consumers, which could dent demand—especially in price-sensitive entry-level segments like 100cc motorcycles, scooters, and mopeds. Industry demand could decline 2–4 per cent once the regulation is implemented, mirroring previous downturns following cost-driven changes such as higher insurance rates and BS-VI norms. Electric vehicles (EVs), too, excluding premium models like Ola S1 Pro and S1X Plus, will face pricing pressure. 'The percentage of revenue impacted for our covered OEMs could be: HMCL (about 79 per cent), TVS Motor (around 54 per cent), and Bajaj Auto (approximately 24 per cent). Most EVs, excluding Ola S1 Pro and S1X Plus, will also need to raise prices,' said Kapil Singh and Siddhartha Bera of Nomura. However, the brokerage highlighted that component suppliers stand to benefit from this rule. ABS producers such as Bosch and Continental are key players in this space. In disc brakes, Endurance Technologies leads with major market share, alongside global names like Brembo and Nissin. That said, while the regulation could be delayed for specific models due to required modifications, Nomura analysts believe the broader impact on the two-wheeler industry is expected to be major.

Time of India
an hour ago
- Time of India
Bajaj Auto Share Price Live Updates: Bajaj Auto's Stock Price Update
Stay up-to-date with the Bajaj Auto Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a prominent stock. Explore the latest information on Bajaj Auto, including: Last traded price 8371.0, Market capitalization: 233766.54, Volume: 567646, Price-to-earnings ratio 31.91, Earnings per share 262.29. Our liveblog provides a comprehensive overview of Bajaj Auto by integrating fundamental and technical indicators. Stay informed about breaking news that can impact Bajaj Auto's performance in the market. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Join us on this journey as we delve into the exciting world of Bajaj Auto and its market potential. The data points are updated as on 08:41:22 AM IST, 23 Jun 2025 Show more Show less