Automobile Giants Join Hands For a Common Cause

Delhi, Delhi India (PressExposure) March 05, 2007 -- Automobile rivals in India are joining hands to find a source to maintain sustainable supply of fuel. Big names such as Eicher Motors, Ashok Leyland, Mahindra & Mahindra, Bajaj Auto, and Tata Motors have come together under SIAM’s (Society of Indian Automobile Manufacturers) aegis. They have assembled for participating in the “first of its kind” project for creating a right mix of CNG (Compressed Natural Gas) and hydrogen. By doing so the consortium intends to make vehicles run on fuel mix.

Consistent research and development endeavors will likely yield dividends with fuel cells emerging as a preferred distributed-generation technology. The focus of current R&D attempts is to attain technological breakthroughs that’ll result in improved product offerings that too at competitive prices.

Vehicle makers across the world are seeking ways of using hydrogen-fuel in newer products, however this project looks for developing CNG hydrogen mixture known as “Hithane” to be used in existing fleet of vehicles with least modifications in their engine & its components.

Hithane reduces the country’s dependence upon foreign oil. Plus it also diminishes the emissions of nitrous oxide (NOX), thereby helping it achieve enhanced fuel efficiency.

As per a RNCOS’ latest report on "Market for Fuel Cell Technology (2006-2007)", Fuel cells are likely to play a crucial role in global energy industry in near future owing to their high- efficiency and eco-friendly nature. In contrast, threats over fuel supply’s security coupled with the increasing concern for emission control and air pollution are the factors that help strengthen the need for fuel cells as an accepted form of distributed-generation technology.

RNCOS report on “Market for Fuel Cell Technology (2006-2007)”, also addresses some interesting issues for today’s Global business environment.

- Success factors and barriers for the commercialization phase in fuel cell vehicle technology. - Potential fuel-cell vehicles market in 2010. - Research and Development patterns. - Potential competitors in this market. - Opportunities that exist before the Fuel cell vehicle market. - Effect of other factors that are prevailing in the economy on Fuel cell market

This report is a must reads for investors, businesses, analysts and others who are closely monitoring the developments of the Fuel Cell Market.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

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Shushmul Maheshwari

Head of Business Development

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Press Release Submitted On: March 02, 2007 at 10:12 pm
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