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It is observed that the Force Motors after a good run over the last few months has come down. To retest its 200-day exponential moving average.
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Exit Force Motors – A View on the Current Auto Industry of India It is observed that the Force Motors after a good run over the last few months has come down. To retest its 200-day exponential moving average. The share touched it’s 52-week high Rs 4,810 and 52-week low Rs 2,775.80 on 06 April 2017 and 12 March 2018, respectively. On the massive environmental concerns in Delhi, not only the consumers but also the Indian auto industry is mystified over the series of developments. Even the consumers have no idea about which vehicle to buy. In the course of a blanket ban on the registration of new diesel cars. Recently Supreme Court has ordered to ban the registration of new diesel vehicles above 2,000 cc for a month. This step is taken to lower the air pollution levels in the national capital. It has put a large number of models out of customers’ list. The cars belong to not just the expensive Beamers or the Audi. But also the regular Mahindra and Toyota are now out of the shopping list. The decision of banning the sale and registration of diesel vehicle is expected to have long-term consequences on the Indian automotive industry. According to the auto manufacturers of India, the restrictions on the industry will hamper the potential to take India on the global map of small car manufacturing. Experts also believe that there are no incentives to develop new technology, while the traditional fuels are brought curbed. Huge sense of uncertainty is expected over the way our industry is moving and abrupt decisions are being taken. Another new announcement that has taken place is to
allow only odd and even registered cars on similar dates. The cars sold in around 50 major cities confirm to Bharat Stage IV emissions norms. While the rest of the country get BS III compliant cars, which is also the case for commercial vehicles. At present, the country gets a supply of a mix of auto fuels. To meet the technical needs of these different vehicles. Not only cars. But also the two-wheelers like bikes and scooters confirm to a totally different emission standard. Which is unique and different from all other vehicles, though they run on the different mix of fuel. On account of rising vehicular pollution, the debate of environmental degradation and other sources continues to rage with the automotive industry trying hard to find the answers.
