Diesel technology is the future: Indian auto industry

At the¬†Diesel for Future: Economy & Environment conference organized by SIAM delegates from the auto industry were unanimous with their decision of recognizing diesel as…

At the Diesel for Future: Economy & Environment conference organized by SIAM delegates from the auto industry were unanimous with their decision of recognizing diesel as a viable resource for lowered carbon footprint and energy security. The conference was graced by Mr. Praful Patel who as the chief guest and Mr. Jitin Prasada who was the guest of honour.

Mr.Praful Patel said that the perception of treating/seeing diesel as a dirty fuel needs to be removed from minds of individuals as its been seen that diesel vehicles has a higher fuel economy when compared with petrol vehicles. In order to balance fuel prices its necessary to implement diesel technology within the auto industry. Mr. Lowell Paddock, President & Managing Director, General Motors was of the opinion that diesel vehicles boast of 25% improved fuel efficiency and vehicles running on diesel as fun to drive.

Diesel technology has been incorporated within the car industry recently with Honda unveiling its City Amaze model. Apart from Honda brands like Maruti, Chevrolet, Volkswagen, Toyota, Tata, Hyundai, Nissan, Skoda and Ford have launched diesel powered vehicles in India. For more information, scroll down.

Auto News Release

Auto Industry says ‚ÄėDiesel Technology to be the Future‚Äô

26 November 2012, New Delhi:¬†Society of Indian Automobile Manufacturers (SIAM) organized a conference on ‚ÄėDiesel for Future: Economy & Environment‚Äô in the Capital.¬†The delegates addressed the need to recognize diesel as a viable solution for energy security and lower carbon footprints. Strategies were also suggested in pricing and¬†taxation to enable government integrate diesel as an important energy driver for Transportation sector.

The Ministerial session was addressed by the Chief Guest Mr. Praful Patel, Hon‚Äôble Minister for Heavy Industries & Public Enterprises and Guest of Honour, Mr. JitinPrasada, Hon‚Äôble Minister of State for Human Resource Development. The conference was also addressed by Mr. Vikram S. Kirloskar, Vice President, SIAM & Vice Chairman, Toyota Kirloskar Motor, Mr. Anant J Talaulicar, Chairman, SIAM Diesel Group and CMD, Cummins India, Mr. Lowell Paddock, President & Managing Director, General Motors, Mr. Ashok Dhar, President ‚Äď Industrial Marketing, Reliance Industries, Dr. Kirit Parikh, Chairman, IRADe, Mr. L N Gupta, Joint Secretary, Ministry of Petroleum & Natural Gas, Mr. Sanjay Bandopadhyaya, Joint Secretary, Ministry of Road Transport & Highways and Mr. Nitin Gokarn, CEO, NATRIP.

Speaking at the conference, Mr. Praful Patel said, “The perception that diesel is dirty is no more valid. This needs to be changed as contemporary diesel vehicles have higher fuel efficiency; it is as clean as any petroleum fuel”.Mr. JitinPrasada said “Diesel consumption and technologies are here to stay as diesel has emerged as a better fuel, as they are efficient in terms of consumption.”Mr. Vikram S. Kirloskar, Vice President, SIAM & Vice Chairman, Toyota Kirloskar Motor¬†said ‚ÄúDiesel has an important role a fuel of the future for automobile sector.We need to gradually calibrate the prices of petroleum products to a more realistic level.‚ÄĚ

Mr. Kirit Parikh, Chairman, IRADe¬†highlighted the impact of under-recoveries on the financial stability of the country and suggested liberalizing the price of diesel. Comparing long-term benefits of liberalizing the price of diesel, he stated: ‚ÄúIf you free diesel prices fully at one go to market prices, you may find high inflation for the next 3-4 months, but by the 6th¬†month, inflation would get moderated.‚ÄĚ Dr Parikh also spelt out several alternative measures for addressing the concerns of high Diesel subsidies.

Mr. Lowell Paddocksaid, “We firmly believe that diesel is one the best options available in the automotive sector with 25% better fuel efficiency.¬† Today diesel vehicles are quieter, safer and more ‘fun’ to drive. We feel that every fuel has a role to play and it should not be influenced by policy prescriptions or separate taxation