New Delhi sources have stated that SIAM the announcement of the Petroleum Ministry for introduction of BS VI Gasoline and Diesel Fuel in the National Capital Territory of Delhi from April 2018, instead of April 2020. The Auto industry also welcomes the Ministry’s tentative plan to extend availability of BS VI fuel across the National Capital Region (NCR) from 1st April 2019.
New Delhi sources have stated that the Naveen Munjal led Hero Electric is planning to touch Rs 1,000 crore revenue in next four year. The Delhi based electric vehicle manufacturer is aiming to double revenue every year. The company closed its past FY17 at Rs 50 crore. Sohinder Gill, CEO
New Delhi sources have stated that the Union Finance Minister Arun Jaitley on Friday announced that Goods & Service Tax (GST) on automobiles will be retained at 28%. At the same time, the minister announced several other changes in the GST structure that will help improve the market sentiment further. Rakesh Srivastava, Director Sales & Marketing, Hyundai Motor India
Kawasaki is back into the game and they have launched the new Ninja 650 KRT edition in India. This middleweight two-wheeler is now priced at a never before heard cost. Well, can you make a guess? Keep guessing and now you read the features.
Judge BV Nagarathna is just getting famous among industries like Mahindra & Mahindra, Lohia Auto, Electrotherm and Kinetic Green as he directed Electric vehicles for a clean and safe environment. Ayush Lohia who is the CEO of LOHIA AUTO INDUSTRIES said,
The new Ford EcoSport was launched recently through exclusive online bookings on Amazon. A limited number of Ford EcoSport were made available to the customers and Amazon website gave a chance to the customers to book the first set to own the compact SUV.
Hyundai Motor India Ltd. the country's second largest passenger car manufacturer and the number one exporter since inception, today inaugurated its new Dealerships & Workshop, Neel Hyundai to further strengthen & enhance its Sales & Service network in Pune.
New Delhi sources have stated that the Revenue Department had clarified that sale of old jewelry as well as old vehicles by individuals will not attract any GST as the sale is not for furthering any business. Meanwhile when clarifying on Revenue Secretary Hasmukh Adhia's comments yesterday stating that it was informed at GST
Sources have stated that at the 22nd World Petroleum Congress in Istanbul, Turkey, oil & gas industry stares at a dark future. And the reason is not just low price of crude oil, which is currently trading at nearly $45 a barrel, less than a third of the price 10 years ago $145 in 2008.
New Delhi sources have stated that the cheer that goods and service tax has brought to the automotive market has diminished, with concerns mounting over the risk of states raising road tax to offset revenue loss and was added that Maharashtra has already decided to increase the levy on vehicles by 2% to compensate for the absence of octroi, a state tax which has now been merged with GST.
New Delhi sources have stated that the Indian arm of Japanese car maker, Honda Cars India will for the first time commence exports of the fully assembled 1.6L diesel engine from its Tapukara plant in Rajasthan. Exports start from July this year.
New Delhi sources have reported that Volkswagen Polo been one the most successful models for the company globally ever since it was first introduced in 1975. We have seen five different generations of the hatchback living up to the expectations of its respective predecessor and the new sixth generation of Volkswagen Polo will make its global debut on 16th June 2017.
New Delhi sources have stated that the country's Finance Minister Arun Jaitley hinted that the tax rate on hybrid card will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.
New Delhi sources have stated that to ensure smooth roll out of Goods and Service Tax, the Central Government has abolished cesses on goods and services included in the last three General Budgets viz 2015-16, 2016-17 and 2017-18, and starting from July 1, 2017 with GST in place the government will also abolish cess on automobiles.
Mumbai sources have stated that Tata Motors, which is India's largest truck maker announced on Monday the departure of Ravindra Pisharody, the executive director-in-charge of the flagging commercial vehicle business, even as it promoted Satish Borwankar, a veteran in the company as its chief operating officer.