Cabinet approves MoU between India and Australia on cooperation to establish Centre of Excellence in Smart Transportation Technology

Image Source - http://www.ceec.uitp.org

To increase the quality of life, last Monday i.e. 10^th April’2017, The Union Cabinet chaired by Prime Minister Narendra Modi signed six memorandums of understanding (MoUs).

These MoUs and agreements are signed in the areas of Security, Environment, Sports, Science, Technology and Health, while keeping in mind the purpose between the two countries, i.e. to provide technologically safe and healthy environment to its people.

As per one of the MoUs signed, two countries will adopt smart transportation; in which Indian Academy of Highway Engineers (IAHE) with University of New South Wales (UNSW) agreed to establish a Centre of Excellence in Smart Transportation Technology.

This MoU is in line with the Ministry of Road Transport and Highway’s vision to influence and adopt global innovation into the transportation sector, which will accelerate the evaluation and adoption of new transportation technologies in India and Australia.

For smart cities, this memorandum will focus to conduct research, development and training in the areas of transport system modeling and data.

Government is taking all the essentially efficient steps to make Indian Automotive sector both smart, technological & advance, thereby boosting it to grow even further. This Centre of Excellence in Smart Transportation Technology is going to be the world’s first transportation centre involving two countries committed to see technological innovation for economic development through improved safety and reduced congestion.

Shriram Automall India Limited (SAMIL), No.1 service provider of used vehicles and equipment in India, since its inception, while playing its part in National Development, look forward to grow across the country sustainably. Company very effectively, while keeping itself aligned with all the newly amended transportation rules and regulations provide multiple transparent platforms to Acquire or Dispose Used Vehicles & Equipment in the country.

Now with, Centre of Excellence in Smart Transportation Technology coming, company being the resource focuses to offer used vehicles at optimal prices for research purposes.

Government is playing its part, you play yours and buy used vehicles or e-vehicles complied with latest emission norms, for better tomorrow. Visit your nearby Automall today to Acquire or Dispose used vehicles or equipment or click the link below for easy, convenient registration.

 Link https://goo.gl/TRchZK

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SIAM DEMANDS EXTENSION OF FAME (FASTER ADOPTION AND MANUFACTURING OF HYBRID AND ELECTRIC VEHICLES)

 Society of Indian Automobile Industry at its 56^th annual convention demanded an extension for the FAME scheme in the leftover cities of the country with an aim to push the demand for electric & hybrid vehicles collectively.

Government launched the FAME scheme in 2015 and since then over 80,000 electric and hybrid vehicles have been sold till now. The aim of the scheme was to offer incentives of up to Rs. 29,000 for bikes and Rs 1.38 lakh for cars to the customers who are willing to buy an electric or a hybrid car or scooter.

The convention also urged a clear roadmap on emissions, safety and fuel efficiency regulations that can provide us a clear direction for 5-10 years.

Meanwhile the demand for both used and new vehicles with CNG engine as a first preference has been on an increasing side thanks to the implementation of various government checks to control rising pollution.

Taking off vehicles of over 15 years on road has also triggered positive outlook in the industry, however the government is still in discussion mode on the kind of incentive to be offered for getting the vehicle scrapped. This will also create a good demand for new vehicles and ultimately lead to reduction in emission rate.

The government is also considering a financial incentive of up to Rs 1.5 lakh on surrender of vehicles that are over 10 years old to check pollution and address safety concerns.

Small vehicles will be offered an incentive of up to Rs 30,000 for those surrendering small vehicles while trucks could be in for total benefits worth Rs 1.5 lakh.

While the policy will take some time to get fully implemented meanwhile sell your used vehicles at Shriram Automall anywhere in India. The company follows an easy process to buy or sell used vehicles in India through their transparent bidding platforms.

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