SIAM urges government to temporarily cut GST taxes by 10% to boost demand
Automobile production and sales have come to a complete standstill after a nationwide lockdown was imposed on March 24 to check the spread of the disease. The industry is losing Rs 2300 crore per day due to the closure, which may now last till May 3.
Parliamentary panel suggests lower GST rate for auto sector
Amid slowdown in the sector, the committee, among other things, recommended to ei...
'Vehicle scrappage policy to help generate demand for new vehicles amid coronavirus pandemic'
A vehicle scrappage policy is in the works for ...
Tata Motors, Ashok Leyland pitch for incentive-based scrappage policy to revive CV segment
Tata Motors and Ashok Leyland have said a well-defined and financial incentives-based scrappage policy can help create demand in the commercial vehicles (CV) segment which has come come to a grinding halt.
Allcargo ropes in turnaround experts Alvarez and Marsal to revive logistics company Gati
Allcargo is trying to find out new ways of doing business, in its freight forwarding and other businesses, adding that air and sea cargo operations would be integrated so shipments not going via China would air routed through Dubai.
Goa cuts road tax on new vehicle purchase for Oct-Dec period
Chief Minister Pramod Sawant said the Cabinet has given its nod to reduce the road tax by 50 per cent on purchase of any type of new vehicle till December 31, 2019.
Supreme court allows dealers to sell only 10% of BS-IV vehicles stock after deadline
India will migrate to BS-VI emission standards on April 1, and as per a previous court order vehicles compliant with the outgoing regulations cannot be sold or registered beyond March 31. The 21-day lockdown to tackle the Covid-19 outbreak, if not extended, will end only on April 14.
Higher road tax in 9 states pushes up cost of cars
Cars’ on-road price increases from Rs 5k for low-end models to Rs 57k for high end ones.
Goa govt reduces road tax by 50 per cent on new vehicle purchase
As per a transport department official, there was a decline of 15 to 17 per cent in the overall registration of vehicles in the state during first four months of the current financial year.
M&M offers its personal vehicles range on monthly subscription
Mahindra & Mahindra is tying-up with self-drive car rental firm Revv to offer its cars on a subscription model.
Tamil Nadu electric vehicle policy draft may have sops for early adopters
To encourage EV purchases, the draft policy also suggests waiving road tax – again with a 5-year validity period – for those who buy electric passenger vehicles.
Auto industry seeks bold fiscal measures in the Budget to revive growth
The sector — suffering for a year now — reported its worst-ever sales decline in two decades during 2019.
Three survivors and three casualties of 2019's great Indian auto crash
Car sales overall fell off the cliff. But some companies held steady while some others just crashed. Here’s the report card.
Scrappage policy: No direct sops for junking old cars
“The Central government will not offer any direct incentives in the policy or any tax sops, as was being talked about earlier,” an official told ET. “State governments will be free to offer rebates on road tax against a scrapping certificate. Even original equipment manufacturers can allow a discount against a scrapping certificate if they want to boost their sales.”
Over-regulated market jacking up 2-wheeler prices, says Rajiv Bajaj
The market is "over-regulated", which has led to an increase in the two-wheeler prices, Bajaj said.
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