Automobile Budget

Auto Stocks Extend Gains On Vehicles Scrappage Policy

Auto Stocks Extend Gains On Vehicles Scrappage Policy

Edited by Peter Noronha | Tuesday February 02, 2021

Under the voluntary vehicle scrapping policy, personal vehicles would undergo a fitness test after 20 years, whereas commercial vehicles would need to take it after completing 15 years

Finance Minisiter Sets Voluntary Vehicle Scrapping Policy To Phase Out Old Cars

Finance Minisiter Sets Voluntary Vehicle Scrapping Policy To Phase Out Old Cars

Edited by Nirmalya Sen | Monday February 01, 2021

After the announcement auto stocks of many manufacturers such as Mahindra and Mahindra, Maruti Suzuki and Tata Motors gained on the stock market

Budget 2021: Auto Sector Seeks GST Reduction In Lithium Batteries, PLI Details

Budget 2021: Auto Sector Seeks GST Reduction In Lithium Batteries, PLI Details

Edited by Nikita Prasad | Monday February 01, 2021

Budget 2021: The government should provide financing options, reduce GST on raw materials, reduce duties on lithium ion cell batteries, which may boost the sales of electric vehicles, according to Brickworks Ratings

Transport Ministry Proposes 'Green' Tax On Old, Polluting Vehicles

Transport Ministry Proposes 'Green' Tax On Old, Polluting Vehicles

Reuters | Tuesday January 26, 2021

According to the proposal, private vehicles older than 15 years could be taxed higher as would transport vehicles older than eight years

Government Should Focus On Implementing Scrappage Policy: HDFC Securities

Government Should Focus On Implementing Scrappage Policy: HDFC Securities

Edited By Abhishek Vasudev | Tuesday January 26, 2021

Union Budget 2021: Mumbai-based HDFC Securities has also recommended that the government should propose a reduction in Goods and Services Tax (GST) on smaller cars to 18 per cent

Budget 2021: GST Tax Rates Must Be Reduced To 18% To Boost Demand In Auto Sector

Budget 2021: GST Tax Rates Must Be Reduced To 18% To Boost Demand In Auto Sector

Edited by Nikita Prasad | Tuesday January 19, 2021

Budget 2021: Reduction of GST tax rates to 18 per cent and introducing incentives for electric vehicle buyers in the upcoming budget can boost the demand in the automobile sector

Industry Body FICCI For Credit Of GST Against Excise Duty On Petroleum Products

Industry Body FICCI For Credit Of GST Against Excise Duty On Petroleum Products

Edited by Sandeep Singh | Saturday February 01, 2020

Union Budget 2020: Until the introduction of GST on petroleum products, suitable amendments in the CENVAT (Central Value Added Tax) rules will lower the production costs for oil and gas companies, according to the industry body.

Auto Sector Seeks Incentive-Based Scrappage Scheme In Budget

Auto Sector Seeks Incentive-Based Scrappage Scheme In Budget

Indo-Asian News Service | Saturday February 01, 2020

The Society of Indian Automobile Manufacturers (SIAM) has sent this and other recommendations to the government for the upcoming Budget 2020-21.

Tata Launches 'Ecosystem' To Kickstart Indian Clean Vehicles

Tata Launches 'Ecosystem' To Kickstart Indian Clean Vehicles

Reuters | Tuesday January 28, 2020

India, in an effort to curb high pollution in several cities and to bring down its fuel import bill, is encouraging automakers to build EVs.

Budget 2020: Industry Body For Lower Custom Duty For Electric Vehicle Battery Imports

Budget 2020: Industry Body For Lower Custom Duty For Electric Vehicle Battery Imports

Edited by Abhishek | Monday January 13, 2020

Industry Body Confederation of Indian Industries (CII) has called for imposition of lower custom duty for battery importers of electric vehicles.

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