Gov’t support aids automobile industry

The domestic automobile industry was forecast to thrive, given the Government’s supports in tax policies for imported automobile components coupled with the increasing income of citizens.

Cars produced at a plant of Ford Vietnam in Hai Duong Province. The domestic car industry was benefiting from the Government’s support policies. — VNA/VNS Photo Tran Viet

According to a report by the Viet Dragon Securities Corporation (VDSC), the domestic automobile industry was benefiting from three policies.

The first was a 50 per cent reduction in registration fees for domestically-produced or assembled vehicles in effect from June 28 to the end of this year.

The second policy was a decree allowing automakers who met the requirements of outputs to enjoy zero import tariffs for automobile components which could not have been produced domestically, cutting production costs by 2-2.5 per cent.

The last policy was the extension of the deadline for the payment of

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Govt specifies hydrogen-enriched CNG as automobile fuel

In a step towards promoting alternative clean fuel for transportation, the Union road transport and highways ministry has notified hydrogen-enriched compressed natural gas (CNG) as an automobile fuel.

An ideal blend of 18% hydrogen in CNG can be used as automotive fuel after compression. This can lower emissions, and promote green fuel for automobiles in the country. It can also reduce carbon monoxide emission by 70%, according to a study.

“Using H-CNG (18% mix of hydrogen) certain CNG engines have been tested to understand the emission reduction using H-CNG compared with ‘neat’ CNG,” an official statement said, adding that the Bureau of Indian Standards (BIS) has developed specifications of hydrogen enriched CNG as automotive fuel.

Transport minister Nitin Gadkari has been trying to push adoption of electric mobility as well as clean, alternative fuels, including ethanol, methanol, bio diesel, as one of its ways to reduce pollution and cut massive

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