Latest Updates Around The World
Hero Motocorp expects that the current festival season is “one of the best” in terms of sale, so that it helps a leadership position in the domestic two -wheeler segment this year, according to a senior manager. The largest two-wheeler maker in the country, which has recently exceeded 125 million milestone of unit production, expects […]
Car sales in India fell for the fourth consecutive month in August, because car manufacturers regulated shipments to dealers prior to the announcement of the revised goods and service tax (GST) rates. A total of 321,840 vehicles were sent from factories to dealers to dealers last month, a decrease of 8.8% of 352,921 units a […]
Car, two-wheeler and consumer electronics makers in India increase production by no less than 25%, anticipating that GST-eating cuts on various products will cause an increase in demand that will be maintained at least until Christmas. Small car manufacturers are even more optimistic and expect that demand will remain floating for a longer period.The cutbacks […]
New Delhi: A clear picture with regard to new GST rates at the earliest will help the overall car industry, including the luxury car segment, to regain momentum in the current quarterly, which usually sees improved sale due to the festive season. The powerful GST Council, chaired by Minister of Finance Nirmala Sitharaman, will meet […]
Automobile and consumer electronics dealers are careful for the crucial party season, because they are waiting for an imminent reduction of goods and service tax (GST) and product prices. The dealers slowly continue with the addition of inventory to maintain working capital and to prevent funds in the input tax credit from being locked if […]
The sale of domestic passenger vehicles rose by around 1%in July, which marked a slight recovery after two consecutive months of decline, in the midst of continuing slow consumer demand. Companies are cautiously optimistic that sales will continue to accelerate during the coming festive season, starting with Onam in August. No fewer than 348,000 cars, […]
