Written in India and read by professionals
in over 160 countries worldwide



Friday, February 10, 2012




India Briefing is a magazine and daily news service about doing business in India. We cover topics relating to the Indian economy, the market in India, foreign direct investment and Indian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates



Indian stock market BSE Sensex Index


Chart



Farewell To Mumbai’s Premier Padmini

premier-padmini-taxi1

MUMBAI, Apr. 20 – The ubiquitous Premier Padmini, the tiny black taxi derived from the 1957 Fiat 1200, is to be phased out.

The Bombay High Court ruled last week that taxis over 25 years old must be taken off the road by the end of the year. The ruling comes a year later than what was originally planned after petitions from taxi drivers.

The Premier Padmini was manufactured in India from 1968 until 2000 by India’s Premier Automobiles. Fiat had decommissioned the car after only three years, with Italian production ceasing in 1960. The entire production line was shipped to India in 1967, with production based at Kurla, Mumbai.

The car, which originally had a 1,089cc engine, has undergone changes since making its debut in India but maintained the basic design. Most Premier Padmini taxis on the road now are run with compressed natural gas or CNG which is a cleaner and cheaper fuel compared to petrol and is also subsidized by the Indian government as part of its anti-pollution measures.

The new taxis will likely be provided by Tata Motors and Maruti Suzuki, whose car for taxi use have already begun appearing on Mumbai’s crowded streets. Although fitted with air conditioning and CD players, the new models are certainly a more comfortable ride, but lack the charm of the now 50-year Fiat model.

To encourage the shift to new taxis, Tata and Maruti will provide an additional 10,000 new vehicles each over the next three months discounted by up to US$800 or close to 10 percent of the original price. The government has also accelerated the procedure by arranging lines of credit for purchase of new vehicles by taxi drivers at longer periods and with 2 percent to 3 percent lower rates than what the market currently provides to stimulate demand.

To further enforce compliance, the government issued orders to the Mahanagar Gas Company, which provides CNG-powered vehicles with fuel at Mumbai’s pump stations, to refuse selling gas to old vehicles.

The Premier Padmini while outdated and cramped, its passing will be mourned as it had become an iconic symbol of the city. The ruling mirrors that of the phasing out of the its counterpart in Delhi, the Hindustan Ambassador, based in turn on the 1948 Morris Oxford and still used as the official government vehicle.

This entry was posted in Automotive, Culture and History, Mumbai. Bookmark the permalink.

One Response to Farewell To Mumbai’s Premier Padmini

  1. kochumon francis says:

    Personally i think the padminis instead of being phased out shold b given the option of engine change or modifications to comply with the new polllution regulations.I think London taxis remain the same in shape after all therse years.I myself own one padmini which gives value for money service.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at india@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence


The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF



Social Buttons by Linksku