Government unlikely to offer GST concessions to auto firms

The government is unlikely to offer goods and services tax (GST) concessions to the auto sector as it believes that companies have been slow in responding to consumer demand on BS-VI. Besides, it fears that sops to one sector will open the floodgates to demands from other sectors.

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Renault targets sales of 7000 units of Triber per month

French carmaker Renault today announced that the bookings for its all-new product, Triber, will start from 17 August. Consumers can book the car for a token amount of Rs 11,000 from the company’s website or at dealerships.

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Car Sales July 2019

Auto sales in July continued to go down as companies curtailed dispatches to dealers owing to poor demand, showed the monthly sales data released by auto companies recently. Major automobile manufacturers Maruti Suzuki, Hyundai, Tata Motors and Toyota.

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Now you can own a brand new car without buying it

Mover over EMIs

Till now you have either owned a car or hired one. Now, you are free to "subscribe" for a car. With rising fuel costs, interest rates as well as rapidly depreciating value, four Indian automobile makers are hoping to survive the downturn with the subscription model.

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These SUVs witnessing strong booking and sales numbers

The slowdown doesn't bite these SUVs

Amid a slowdown in the auto industry, a new set of products has been able to buck the trend, witnessing strong booking and sales numbers. And, in line with the preference of Indian buyers for offroaders, these products happen to be SUVs — ranging from the sub-Rs 10-lakh mini Hyundai Venue to the Rs 40-lakh-plus Volvo XC40.

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GST on electric vehicles set to be slashed from 12% to 5%

In a landmark move by the government, the GST Council has brought down the GST rate on electric vehicles (EVs) to 5 percent from 12 percent. The move has come as a shot in the arm for the auto industry which has been pushing for a tax boost to promote the sale of EVs.

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Central Government proposes scrapping of vehicles older than 15 years

The government on Friday proposed amendments to Motor vehicle norms to allow scrapping of vehicles older than 15 years in a bid to spur adoption of electrical vehicles. In a draft notification, the government proposed renewal of fitness certificates for vehicles older than 15 years every six months instead of the current timeframe of one year.

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Car sales fall for the eighth month in a row

India recorded an eighth successive month of falling car sales Wednesday, with June seeing a 25 percent decrease, adding to a multi-day slump in Indian stocks. Industry data showed passenger vehicle sales falling 17.5 percent last month year-on-year to 225,732 units, with domestic car sales off 25 percent.

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Kia Seltos' pre-bookings get an overwhelming response, Here's all you need to know

Kia Motors, the world’s 8th largest auto manufacturer revealed that the pre-bookings of the Seltos has generated an overwhelming response with 6,046 bookings on the first day itself.

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Hyundai launches fully electric Kona SUV in India at Rs 25.3 lakh

Hyundai Motor launched India’s first fully-electric SUV in the national capital on July 9, 2019, at an introductory price of Rs 25.3 lakh (ex-showroom). The dual-tone colour option would fetch an additional Rs 20,000.

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Now, Tata Harrier comes with dual tone colour option

Tata Motors had recently announced that its flagship SUV Harrier had crossed 10,000 customers just six months after its launch in January. To mark this milestone, the company launched dual tone colour options on the model.

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Car Sales June 2019

Car sales have gone down the drain in India in the last few months and there is no sign of improvement going forward. Major automobile manufacturers Maruti Suzuki, Hyundai, Tata Motors and Toyota reported a decline in domestic passenger vehicle sales in June, continuing the prolonged slump in the market due to poor consumer sentiments.

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Budget 2019 shows government wants you to drive electric vehicles

The Union Budget 2019-20 proposed a slew of measures to boost electric vehicles. Here's all you need to know about the initiatives announced for the automobile and infrastructure sector:

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MG Hector SUV launched in India, prices start Rs 12.18 lakh

Hello Hector

British carmaker MG (Morris Garages) Motor on 28 June 2019 launched the much-awaited Hector at an introductory price of Rs 12.18 lakh to Rs 16.88 lakh (ex-showroom, New Delhi). The name 'Hector' refers to the Royal Hector biplane which was used by the Royal Air Force (UK) in the 1930s.

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Now choose the registration number of your choice at the time of Car purchase for Rs 25,000

Want a fancy car registration number?

Buying a new car? You can now choose a registration number of your choice by paying Rs 25,000. Delhi government’s transport department auctions the most sought after ‘fancy numbers’, such as 0001 or 9999, for a hefty minimum reserve price.

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Auto industry united in seeking GST rate cut on vehicles: SIAM

Automobile industry body Society of Indian Automobile Manufacturers (SIAM) said recently all its members are totally united in seeking a reduction in the GST rate from 28 percent to 18 percent on vehicles.

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