You are here

Wheels India

India: Union Budget for 2016/2017 Has New Frame Conditions – For Better or Worse

Submitted by Baerbel Epp on April 4, 2016
Wheels IndiaThe Union Budget in India for 2016-17 – announced by the Finance Minister on 29 February 2016 – includes good and bad news for the solar thermal industry. On a positive note: The government has again increased the coal tax from Indian Rupee (INR) 200 to 400 per ton, after already doubling it in Finance Bill 2014-2015. The additional tax revenues will be used to support renewable energy technologies. The overall financial support for renewable energies will increase to INR 50.6 billion (EUR 725 million) during financial year 2016-17. Additionally, the customs duty on solar-tempered glass and solar glass was raised to 5 % besides a Special Additional Duty of 4 % to strengthen domestic manufacturing. On the downside, there is the increase of basic customs duty from 7.5 to 10 % under Harmonised System (HS) code 84191920. 
Photo: Wheels India
 

India: ESCO Concept for Wheel Producer

Submitted by Baerbel Epp on March 29, 2014
Wheels IndiaWheels India, one of the world’s largest wheel manufacturers for commercial vehicles, is profiting from one of the few ESCO projects in India. The Energy Service Company (ESCO) Aspiration Energy has been delivering heat from a 1,365 m² vacuum collector field for almost two years now. The solar-heated water at 75 °C is used to degrease the wheels prior to final painting, a process which had been supplied by oil boilers before causing high energy costs. According to Aspiration Energy, the solar field saved as much as Indian Rupee (INR) 7 million in fuel oil over the first 18 months in operation. The promising results have convinced the wheel producer to plan the installation of additional solar water heating systems in factories across the country, from Haryana state to Uttar Pradesh, Uttarakhand, Maharashtra and Tamil Nadu. 
Photo: Aspiration Energy
 

Search results

  • Companies : Wheels India