‘No consensus among States on scrappage policy’

‘No consensus among States on scrappage policy’

The State governments are not ready to lose 25% of their revenue, which can be as high as ₹1,000 crore per annum, say sources in Transport Department The State governments are not ready to lose 25% of their revenue, which can be as high as ₹1,000 crore per annum, say sources in Transport Department A … Read more

France’s Renault scraps investment in new diesel engine

photo

French carmaker Renault will not invest in developing a new engine to fit the last generation of diesel vehicles it will produce and will instead adapt its existing model, Chief Executive Luca de Meo told shareholders on Friday. Auto groups are accelerating an overhaul away from diesel and into electric cars, encouraged by more stringent … Read more