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Auto Stocks in Bullish Mode; Slowly Getting Back To Pre-Lockdown Levels
A clear trend indicates the Auto companies' stocks are now faring better at the markets after hitting record lows during the initial phase of the Coronavirus lockdown.
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Anand Mahindra's Parota Tweet Highlights Oddity of GST Classifications
Billionaire industrialist Anand Mahindra tweeted today highlighting the peculiarity of a recent Goods and Services Taxation (GST) ruling which states that 'parotas' cannot be put in the same food category as 'roti', both of which are similarly prepared Indianflat breads.
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Mahindra To Launch Three Electric Vehicles By 2021
The FAME II (Faster Adoption and Manufacturing of Electric Vehicles) scheme came as reassurance for electric carmakers and reaffirmed that EVs are at the top of the government's agenda. Furthermore, Niti Aayog's proposal to impose a ban on combustion engine powered commuter motorcycles (below 150cc) and then the budget council moderating GST rates ...
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Anand Mahindra Says GST Cuts and Road Tax Revision Will Help Revive Auto Industry
Speaking at Mahindra Group's 73rd annual general meeting, Anand Mahindra suggested certain temporary measures that would have a positive impact on the industry. Short term measure like - reduction or removal of the goods and service tax (GST), revising the registration fee, and reduction of road tax, as short term measure to help revive the auto in...
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Temporary Reduction In GST Rates Needed To Boost Auto Industry: Dr. Goenka, MD, Mahindra
Finance Minister Nirmala Sitharaman did not announce any relief for vehicles running on diesel and petrol in the Union Budget 2019. But a temporary reduction in GST rates is the need of the hour to boost auto industry sales says Mahindra & Mahindra - Managing Director, Dr. Pawan Goenka. Speaking to journalists post the Union Budget 2019 announcemen...
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India Inc Gets Pricing Mojo Back In Road To Recovery After Cash Ban, GST
After the twin shocks of a cash ban in 2016 and the chaotic introduction of a consumption tax last year, India's economic recovery is gaining momentum. Businesses are taking advantage of the solid demand to raise prices, lifting profits, but also fanning inflation at a time of higher oil prices and a currency slump.
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Anand Mahindra Calls For Stable Policy Environment
Mahindra Group Chairman and Managing Director Anand Mahindra says for India to attract fresh investment, there must be stability, unlike flip-flops seen in government policy. Mahindra also says industry and government must work together to take on any challenges.
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Car Sales August 2017: Maruti And Mahindra Register Positive Growth, Toyota And Ford See Decline
Post GST implementation automakers like Maruti Suzuki India, Hyundai, and Honda Cars India among others have been registering double digit growth and the positive streak can been seen August sales as well.
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GST Effect: Nissan India Announces Benefits To Customers Across Line-Up
Nissan Motor India is the latest manufacturer to announce that it will pass on the benefits of the GST (Goods and Services Tax) to its customers across the country. The Japanese carmaker in a statement said that the ex-showroom prices of the company's products have been reduced by an average of 3 per cent depending on city and model specification.
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GST Rates: Mahindra's Passenger Vehicle Prices Go Down By Up To 6.9 per cent
Mahindra has announced revised prices of its vehicles pursuant to the implementation of GST, with immediate effect. Prices of Mahindra UVs and SUVs have been reduced by an average of 6.9 per cent, while those that come under small car segment have been reduced by an average of 1.4 per cent.
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GST Discounts: Carmakers Offer Price Cut Across Model Range
While luxury carmakers were the first announce GST benefits to be passed on to customers, mass market automakers have also joined this bandwagon and are offering discounts along with other benefits.
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Nagpur, Which Is 'Zero Mile', Will Turn Into India's Warehouse
The country's biggest shipping companies including Container Corp. of India Ltd., Mahindra Logistics Ltd. and Transport Corp. of India Ltd. are all setting up facilities in Nagpur, along with U.S.-based Deere & Co.
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Sensex Edges Higher, Nifty Approaches 9,000: 10 Updates
Reliance Industries was the top gainer in Nifty with nearly 1 per cent gains followed by Tech Mahindra after it announced acquisition of US-based healthcare solutions provider CJS Solutions Group.
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Mahindra Hopes GST Won't Treat Electric Cars As Luxury Items
Automobile major Mahindra hopes that the proposed GST regime will not treat electric cars as luxury items and therefore, it should be taxed accordingly.
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What The Implementation Of GST Means To Automakers In India
GST is a single indirect tax that brings most of the taxes and duties imposed on goods, services, sales and consumption of goods and services into one single tax at the national level. How does its implementation work for the Indian auto industry. Here's what the manufacturers have to say.
-
Auto Stocks in Bullish Mode; Slowly Getting Back To Pre-Lockdown Levels
A clear trend indicates the Auto companies' stocks are now faring better at the markets after hitting record lows during the initial phase of the Coronavirus lockdown.
-
Anand Mahindra's Parota Tweet Highlights Oddity of GST Classifications
Billionaire industrialist Anand Mahindra tweeted today highlighting the peculiarity of a recent Goods and Services Taxation (GST) ruling which states that 'parotas' cannot be put in the same food category as 'roti', both of which are similarly prepared Indianflat breads.
-
Mahindra To Launch Three Electric Vehicles By 2021
The FAME II (Faster Adoption and Manufacturing of Electric Vehicles) scheme came as reassurance for electric carmakers and reaffirmed that EVs are at the top of the government's agenda. Furthermore, Niti Aayog's proposal to impose a ban on combustion engine powered commuter motorcycles (below 150cc) and then the budget council moderating GST rates ...
-
Anand Mahindra Says GST Cuts and Road Tax Revision Will Help Revive Auto Industry
Speaking at Mahindra Group's 73rd annual general meeting, Anand Mahindra suggested certain temporary measures that would have a positive impact on the industry. Short term measure like - reduction or removal of the goods and service tax (GST), revising the registration fee, and reduction of road tax, as short term measure to help revive the auto in...
-
Temporary Reduction In GST Rates Needed To Boost Auto Industry: Dr. Goenka, MD, Mahindra
Finance Minister Nirmala Sitharaman did not announce any relief for vehicles running on diesel and petrol in the Union Budget 2019. But a temporary reduction in GST rates is the need of the hour to boost auto industry sales says Mahindra & Mahindra - Managing Director, Dr. Pawan Goenka. Speaking to journalists post the Union Budget 2019 announcemen...
-
India Inc Gets Pricing Mojo Back In Road To Recovery After Cash Ban, GST
After the twin shocks of a cash ban in 2016 and the chaotic introduction of a consumption tax last year, India's economic recovery is gaining momentum. Businesses are taking advantage of the solid demand to raise prices, lifting profits, but also fanning inflation at a time of higher oil prices and a currency slump.
-
Anand Mahindra Calls For Stable Policy Environment
Mahindra Group Chairman and Managing Director Anand Mahindra says for India to attract fresh investment, there must be stability, unlike flip-flops seen in government policy. Mahindra also says industry and government must work together to take on any challenges.
-
Car Sales August 2017: Maruti And Mahindra Register Positive Growth, Toyota And Ford See Decline
Post GST implementation automakers like Maruti Suzuki India, Hyundai, and Honda Cars India among others have been registering double digit growth and the positive streak can been seen August sales as well.
-
GST Effect: Nissan India Announces Benefits To Customers Across Line-Up
Nissan Motor India is the latest manufacturer to announce that it will pass on the benefits of the GST (Goods and Services Tax) to its customers across the country. The Japanese carmaker in a statement said that the ex-showroom prices of the company's products have been reduced by an average of 3 per cent depending on city and model specification.
-
GST Rates: Mahindra's Passenger Vehicle Prices Go Down By Up To 6.9 per cent
Mahindra has announced revised prices of its vehicles pursuant to the implementation of GST, with immediate effect. Prices of Mahindra UVs and SUVs have been reduced by an average of 6.9 per cent, while those that come under small car segment have been reduced by an average of 1.4 per cent.
-
GST Discounts: Carmakers Offer Price Cut Across Model Range
While luxury carmakers were the first announce GST benefits to be passed on to customers, mass market automakers have also joined this bandwagon and are offering discounts along with other benefits.
-
Nagpur, Which Is 'Zero Mile', Will Turn Into India's Warehouse
The country's biggest shipping companies including Container Corp. of India Ltd., Mahindra Logistics Ltd. and Transport Corp. of India Ltd. are all setting up facilities in Nagpur, along with U.S.-based Deere & Co.
-
Sensex Edges Higher, Nifty Approaches 9,000: 10 Updates
Reliance Industries was the top gainer in Nifty with nearly 1 per cent gains followed by Tech Mahindra after it announced acquisition of US-based healthcare solutions provider CJS Solutions Group.
-
Mahindra Hopes GST Won't Treat Electric Cars As Luxury Items
Automobile major Mahindra hopes that the proposed GST regime will not treat electric cars as luxury items and therefore, it should be taxed accordingly.
-
What The Implementation Of GST Means To Automakers In India
GST is a single indirect tax that brings most of the taxes and duties imposed on goods, services, sales and consumption of goods and services into one single tax at the national level. How does its implementation work for the Indian auto industry. Here's what the manufacturers have to say.
