Budget 2026: Luxury car makers seek excise tax reforms to boost demand for premium cars

Ahead of Budget 2026, Santosh Iyer, Managing Director and CEO of Mercedes-Benz India, has called for rationalization of customs duties on imported luxury cars. He said this could boost demand in the premium segment and ultimately increase government tax revenues.Speaking to PTI, Iyer highlighted the challenges faced by luxury car makers due to rising input […]

Retail car sales soar to record high of over 52 lakh units in 42-day festive period: FADA

Auto retail sales in the domestic market witnessed a 21 per cent year-on-year increase during the 42-day festive period, led by record registrations of passenger cars and two-wheelers, helped by a GST adjustment that enabled a price reduction across segments, dealer body FADA said on Friday. Total retail sales increased to 52,38,401 units during the […]

We will not join the war of interests, the focus is on quality and not only on business volumes: CEO of Canara Bank

Satyanarayana Raju, Managing Director and CEO, Canara Bank Canara Bank is focused on quality growth and profitability as it continues its strategic shift into the retail, agriculture and MSME (RAM) segments. Satyanarayana Raju, managing director and CEO of Canara Bank, said the public sector lender will resist the ongoing ‘rate war’ in corporate lending, and […]

We will not join the war of interests, the focus is on quality and not only on business volumes: CEO of Canara Bank

Satyanarayana Raju, Managing Director and CEO, Canara Bank Canara Bank is focused on quality growth and profitability as it continues its strategic shift into the retail, agriculture and MSME (RAM) segments. Satyanarayana Raju, managing director and CEO of Canara Bank, said the public sector lender will resist the ongoing ‘rate war’ in corporate lending, and […]