The product will be eligible for excise cut and subsidy under the FAME Scheme from Govt of India. This will make the solution much more affordable and accessible to people.
The fall has been primarily attributed to the slowdown in the oil dependent economies which are the main export markets for Indian OEMS.
The automaker specialises in minivehicles, which have engines of up to 660cc and get preferential tax treatment under Japanese law.
Vahan is a central government initiative to computerise vehicle registration and some states have already implemented it.
Despite the novelty factor, the average monthly sales of Mobilio have fallen to 890 units so far in fiscal 2016 versus 3,800 units last year.
Atul Auto posted an increase in sales in the first half of the current financial year, the only company in the segment to post gains.
"Unfortunately, we are typecast as someone who does spell check, creates a PowerPoint presentation. It is much more beyond that", says Bhaskar Pramanik
The government will relax eligibility criteria to allow more firms to take advantage of a Rs 10,000-crore incentive programme.
Educomp, which has struggled with its schools business, is in the process of launching products for individual students.
Google is working on making search results as locally relevant to the users as possible.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon