Niti Aayog On LNG CVs: NITI Aayog has proposed fiscal and non-fiscal incentives along with VAT reduction and accelerated depreciation to encourage the use of LNG-fueled vehicles. They have also suggested setting up a demand aggregator for buying LNG trucks. The aim is to lower carbon dioxide emissions and increase the share of natural gas in the energy mix. Furthermore, they recommend including LNG vehicles in the production linked incentive scheme and providing non-fiscal incentives such as priority lane access and extended vehicle life.
NITI Aayog has proposed fiscal and non-fiscal incentives along with VAT reduction and accelerated depreciation to encourage the use of LNG-fueled vehicles. They have also suggested setting up a demand aggregator for buying LNG trucks. The aim is to lower carbon dioxide emissions and increase the share of natural gas in the energy mix. Furthermore, they recommend including LNG vehicles in the production linked incentive scheme and providing non-fiscal incentives such as priority lane access and extended vehicle life.
According to the Aayog, India s rapidly expanding trucking market, which is expected to more than quadruple from 4 million trucks in 2022 to roughly 17 million by 2050, offers immense scope for lowering emissions and encouraging investments for growth.
Ashok Leyland share price: The stock today soared 6.64 per cent to hit a day high of Rs 167.80, just 0.95 per cent shy away from its 52-week high price of Rs 169.40, a level seen on September 6, 2022. The counter has gained 12.08 per cent in 2023 so far and 28.26 per cent in the past one year.
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