Yamaha India to Launch FZ1

Yamaha is going to launch its sporty performance bike Yamaha FZ1 in India through CKD (completely knocked down) unit route. The super bike will be launched in December and will be priced between Rs 8-9 lakh. Yamaha FZ1, with its 1000cc and four cylinders , would compete with the recentlylaunched Honda CB1000R. It is pitted in the same category as the Suzuki Bandit and Kawasaki Z1000S in the international market. Yamaha, which sells super bikes in the range of Rs 14-24 lakh, plans to sell over 80-100 super bikes in India in 2010. The company hopes bike enthusiasts will overlook the cost factor and lap up its products just for the iconic value they have gained on other markets       

I'm reading: Yamaha India to Launch FZ1

Government Declares incentives on electric vehicles

The Ministry of New & Renewable Energy (MNRE), Government of India has announced the much awaited incentive scheme for Electric Vehicles in India by which the manufacturers of Electric Vehicles will receive financial incentive for each Electric Vehicle sold in India.

The scheme envisages incentives of up to 20% on the ex-factory prices of the vehicles, subject to a maximum limit. The cap on the incentive will be Rs.4,000 for low speed electric two wheelers, Rs.5,000 for high speed electric two wheelers and Rs. 1 lac for an electric car. In total, Govt. will provide financial incentives of about Rs. 95 Crores. Owing this these rebates, the Society of Manufacturers of Electric Vehicles (SMEV) expects a growth of about 100% in electric-vehicle sales.

I'm reading: Government Declares incentives on electric vehicles