Latest Updates Around The World
CHENNAI: Rationalized GST rates and upbeat festive sentiment have pushed demand in the bread-and-butter sub-Rs 10 lakh segment of the sector to multi-year highs, amid an ongoing premiumization wave in the country. The revision of tax rates – especially for small cars and compact SUVs – expanded affordability and revived interest among price-conscious buyers who […]
Mumbai: Tata Motors Passenger Vehicles (TMPV) on Friday questioned proposals to change the definition of small cars, especially attempts to introduce weight as a criterion.Shailesh Chandra, MD & CEO, said there is “absolutely no justification” for changing the Indian corporate framework for average fuel efficiency (Cafe) or giving concessions to any category of car. During […]
Maruti Suzuki has had one of the strongest versions of the company this festive season in the past decade, with bookings that reach 2.5 Lakh and grow exports by 50 percent. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki, said that the question was unprecedented this year. “During this Navratri period, the company […]
In the midst of the current debate about whether entry-level small cars will organize a comeback in the GST 2.0-era, Hatchbacks will retain their market relevant despite the worldwide trend of “suvisation” in the automotive industry, according to the Automotive Dealers’ Body Federation of Automobile Dealers. While the largest car manufacturer in the Land Maruti […]
