Automobile Budget

Budget 2020: Industry Body Calls For Reduction In GST On Automobiles To 18%

Budget 2020: Industry Body Calls For Reduction In GST On Automobiles To 18%

Edited by Sandeep Singh | Sunday January 12, 2020

The crisis in the auto sector presents a major problem for the government as it accounts for nearly half of the country's manufacturing output and employs more than 3.5 crore people directly and indirectly.

Tata Jaguar Land Rover's Sales Decline 6% In 2019

Tata Jaguar Land Rover's Sales Decline 6% In 2019

Indo-Asian News Service | Friday January 10, 2020

JLR's retail sales stood at 557,706, down 5.9 per cent compared to 2018 owing to "challenging industry conditions across markets".

Domestic Car Sales Fall 8.4% In December, Production Down 12.5%: Auto Body

Domestic Car Sales Fall 8.4% In December, Production Down 12.5%: Auto Body

Reported By Himanshu Shekhar Mishra | Friday January 10, 2020

Total passenger car sales in the domestic market fell 8.4 per cent in December, data from industry body SIAM or Society of Indian Automobile Manufacturers showed on Friday. Sales of passenger vehicles - including passenger cars, utility vehicles and vans - declined 1.2 per cent to 235,786 units in December, the data showed. Out of these, a total of 142,126 passenger c...

Sustained Effort Required To Accelerate Electric Vehicles Growth, Say Experts

Sustained Effort Required To Accelerate Electric Vehicles Growth, Say Experts

Indo-Asian News Service | Sunday July 07, 2019

Finance Minister Nirmala Sitharaman proposed various tax benefits for EV manufacturing and purchases in the Union Budget 2019-20

Appropriate Measures Needed To Promote Electric Vehicles: Economic Survey

Appropriate Measures Needed To Promote Electric Vehicles: Economic Survey

Indo-Asian News Service | Thursday July 04, 2019

Currently, the market share of electric cars in India is only 0.06 per cent whereas it is 2 per cent in China and 39 per cent in Norway.

Budget: Make Growth India's Biggest Priority Over Next Five Years, Says Sunil Kant Munjal

Budget: Make Growth India's Biggest Priority Over Next Five Years, Says Sunil Kant Munjal

NDTV Profit Team | Wednesday June 26, 2019

Steps should be taken to support the private sector so that it can play a bigger role in capital formation and job creation, Mr Munjal told NDTV.

Auto Industry Body For Inclusion Of Electric Vehicle Segment In Priority Lending

Auto Industry Body For Inclusion Of Electric Vehicle Segment In Priority Lending

Indo-Asian News Service | Monday June 17, 2019

India has so far been rather slow in adopting green vehicles for reasons ranging from poor infrastructure, low speed to unaffordable prices.

Automobile Slowdown Hits Component Manufacturers In Chennai

Automobile Slowdown Hits Component Manufacturers In Chennai

J Sam Daniel Stalin | Sunday June 16, 2019

The Society of Indian Automobile Manufacturers, or SIAM, says car sales has dropped by 26 per cent in May compared to last year

GST On Cars, Bikes To Be Brought Down? Here's What Analysts Say

GST On Cars, Bikes To Be Brought Down? Here's What Analysts Say

Sakshi Bajaj | Friday June 14, 2019

While the auto sector dominates the wish-list for now, experts also feel a relief to the salaried taxpayers and further rationalisation of GST rates will benefit all.

High Interest Cost Continues To Dampen Automobile Sales: Report

High Interest Cost Continues To Dampen Automobile Sales: Report

Indo-Asian News Service | Saturday February 02, 2019

In the domestic market, Maruti Suzuki sold 142,150 units last month, up by 1.1 per cent from 140,600 units sold in the corresponding month in 2018.

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