Latest Updates Around The World
New Delhi: Consumers hurried to the showrooms to choose their most read cars and motorcycles after unprecedented tax reductions and festive offers, whereby the sale of cars to a record of this Navratri is stimulated. The retail trade, counted as vehicle registrations, climbed 34% to 1.16 million vehicles during the Navratri festival season from September […]
New Delhi: Maruti Suzuki will lower the car prices in his product portfolio to expand the full benefits of the lower goods and service tax (GST) rates. The largest car manufacturer in India would also offer extra price reductions on some models. The price reduction, ranging from £ 46,000 on the MPV Eleya to £ […]
The largest car manufacturer Maruti Suzuki of the country said on Thursday that it will pass on the full advantage of the recent reduction of the GST rates on cars to customers by lowering vehicle prices in the portfolio. The price reductions – which vary from RS 46,000 on MPV Vertiga to RS 129,000 on […]
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 […]
The sale of driving fell for the fourth consecutive month in August with car manufacturers who calibrated shipments to dealers prior to the announcement of the revised GST rates. According to data released by the industrial Body Society or Indian Automobile Manufacturers (SIAM) 321,840 vehicles were sent from factories to dealers last month, which is […]
Automotive Tyre Manufacturers Association (ATMA) On Monday, a reduction in the GST rates on tires for cars up to 5 percent compared to the current 28 percent, whereby the government was encouraged not to treat it on the same footing with luxury goods. The body mentioned its impact on important sectors such as transport, agriculture, […]
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 […]
