One other Specialty Equipment Market Affiliation and Automotive Aftermarket Products Expo present is in the books, and the excessive-horsepower annual gathering concluded a 4-day run Oct. > The number of exhibited new vitality automobiles increased. In accordance with the statistics, a total variety of 25 new vitality business vehicles had been displayed including new vitality passenger automobiles, new energy logistics vehicles and new power sanitation vehicles.
The KPMG survey predicts that green technology will be a big draw. That was also reflected at the Auto Expo: Toyota launched the Prius hybrid for the Indian market. It already has the Altis CNG, the Innova CNG and the Camry hybrid. Hyundai showcased the i10 Electric; it has already launched alternate-fuel vehicles such as the Santro LPG and CNG, the Accent LPG and CNG and the i10CNG. Maruti displayed its SX4 hybrid. GM supplied a full number of related automobiles underneath the Chevrolet marquee â€” including the highly anticipated hybrid Volt, the Electric Spark (which operates on an all-electrical drive practice), the Aveo CNG and the effectively-established Spark LPG. Hybrids, alternative gasoline and low price vehicles lead in all areas,â€ the KPMG survey notes.
Throughout the year retail prices rose three percentâ€””so instead the forecast is trending positive this yr (2017) and the whole story is predicated on value. If prices hadn’t elevated 3 p.c, the forecast would have been spot on,” said Nathan Shipley, NPD director, automotive trade analyst, during an AAPEX presentation.
The many startups attracted to the upcoming Shanghai Motor Present will embrace new-power-vehicle (NEV) and pure EV companies with backing from China’s profitable internet and expertise corporations, additionally lured by the market’s huge potential. The Chinese language government has eased its beforehand stringent coverage on vehicle production licences creating a sub-selection for NEV production. Below these new rules, the government is granting NEV licences to startups that solely produce various-energy vehicles. A host of firms have already gained the brand new licences and the waiting record is prolonged.
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