CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Automakers to equip India’s vehicles with dual-fuel engines

By Munikoti Rochan

13:39, 24 September 2021

A BMW vehicle, India - Photo: Shutterstock

India’s government wants automobile companies to equip all vehicles sold locally with dual-fuel flex engines that can run on both petrol and ethanol-based fuel. The country’s minister for Road Transport and Highways Nitin Gadkari said Friday that he will issue a diktat to this effect soon.

Addressing a public gathering in the western Pune city, Minister Gadkari stated: “In the next three to four months, I will be issuing an order, mandating all vehicle manufacturers to power vehicles with flex engines.”

As reported on ANI’s website, Gadkari further stated that the first order mandating the installation of flex engines will be issued to German carmaker BMW. Subsequent orders to the other automotive firms operating in the sub-continent would follow.

The announcement came while the minister was expressing his concern over rising air pollution and congestion across the city and advocating urban decentralisation as the only way forward for growing metropolitan areas.

Oil - Brent

78.26 Price
-1.130% 1D Chg, %
Long position overnight fee -0.0100%
Short position overnight fee -0.0119%
Overnight fee time 22:00 (UTC)
Spread 0.090


24.52 Price
-3.840% 1D Chg, %
Long position overnight fee -0.0206%
Short position overnight fee 0.0124%
Overnight fee time 22:00 (UTC)
Spread 0.020

Oil - Crude

73.45 Price
-1.400% 1D Chg, %
Long position overnight fee -0.0200%
Short position overnight fee -0.0019%
Overnight fee time 22:00 (UTC)
Spread 0.030

Natural Gas

2.69 Price
-2.930% 1D Chg, %
Long position overnight fee 0.0452%
Short position overnight fee -0.0672%
Overnight fee time 22:00 (UTC)
Spread 0.0050

Carbon footprint

In late August, speaking at an event in Mumbai, Gadkari said efforts were underway to use hydrogen as a fuel and to tap gas from seawater and liquid sewage. His comments were publicised in a Press Trust of India report published on Outlook’s website, but did not include any specifics of planned initiatives.

India, which largely relies on fossil fuels to generate electricity for its 1.3 billion people, is keen to clean the air across its cities and towns. In mid-August, Prime Minister Narendra Modi unveiled a national vehicle scrappage policy that aims to get drivers to give up older polluting automobiles in exchange for new ones.

Modi said scientifically designed fitness tests will determine whether a truck or car should be scrapped. And owners who produce a scrapping certificate can then benefit from a discount on the purchase of a new vehicle.

Read more: Indian indices end week 2% higher on recovering activity

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading