Car Articles

India depends largely on external sources for its oil requirement. Most of the oil supplied to India is capped with subsidies, where the government acts as a buffer and absorbs all the impact of global price variations.

Since the crude oil prices have been ascending from the past decade, more research is taking place on viability of alternative fuel. Several car manufacturers have found that the bio-fuel technology is most cheap and easy to adapt. It is also environment friendly with low emission levels. In India bio-fuel research and production have been started nearly five years ago. But the surge in crude oil prices has renewed interest in bio-fuel production.

Suddenly the corporate sector and public sector units have started showing interest in cultivation of non-edible oil seeds which will be converted to bio-fuel. Many corporate majors are showing interest in the production of bio-fuels. Shapoorji Pallonji, Tata Group, Reliance Industries, Bharat Petroleum and several other biotech companies are undergoing research. The Tata Group is set to invest Rs 1500 crore on research and development of Bio-fuel. The production is likely to take place over the next five years. Mahindra & Mahindra and bus manufacturer Ashok Leyland are also in the queue. Nandan Biotech Company is also taking initiative with MNCs like Petronas, Cheveron and Global Environment fund to take up jatropha cultivation.