Page 199 - Auto

India revenue secretary says open to 'tinkering' tax rates on automobiles

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automaker

Govt aims to raise auto sector contribution to GDP, job creation: Gadkari

The government looks to increase contribution of automobile sector to India's GDP to 12 per cent from the present 7.1 per cent and grow employment generation to 50 million from the current 37 million

Delhi transport department to focus on procuring electric buses

In a bid to boost public transport without raising the city's air pollution, the Transport Department of Delhi government has now decided to focus on procurement of electric buses, officials said

Keep pace with changing technology: Revenue Secretary to automakers

Tarun Bajaj asked automakers to do a deeper analysis on why car sales are not going up even though income levels of people are rising, and exhorted the industry to keep pace with changing tech

Transition of automobiles towards electric mobility inevitable: NITI Aayog

The transition of automobiles towards electric mobility is inevitable and it is for the auto industry to make the change and drive it to make India a global leader in EVs, Niti Aayog CEO Amitabh Kant

FADA seeks policy to protect dealers from sudden exit of manufacturers

Also demands industry status for auto retail so it can access priority lending from banks, ECBs, financing from top lenders, PE investments, apart from getting more tax benefits

Automobile dealers seek protection from sudden exits by global auto makers

FADA on Tuesday asked government to put in place a system to protect dealers from sudden exits by multinational manufacturers, saying it hampers entrepreneurship also hurts India's brand value.

Hyundai unveils i20 under N Line; to bring in more models in next few years

Hyundai Motor India unveiled i20 N Line, its first model under the performance-oriented N Line product range in the country, as it looks to cater to the customers who yearn for sporty vehicles

Salaries rise for promoters of auto firms even as business faces headwinds

Experts suggest that promoter executives should take compensation as dividend to share risk and reward of the business with other shareholders

CCI slaps fine of Rs 200 crore on Maruti Suzuki over dealer discount policy

During the probe, Maruti - which has more than 50 per cent share of India's car market - told the regulator that it imposed no such policy and that the dealers were free to offer any discounts

Mercedes-Benz launches AMG GLE 63 S 4MATIC+ Coupe at Rs 2.07 crore

German luxury carmaker Mercedes-Benz on Monday launched its all-new performance car 'AMG GLE 63 S 4MATIC+ Coupe' priced at Rs 2.07 crore (ex-showroom all India).

Tata Motors to launch mini SUV 'Punch' this festive season

Homegrown auto major Tata Motors on Monday said it will launch its mini SUV Punch in the ongoing festive season.

MG Motor to invest Rs 2,500 cr by 2022-end to ramp up Halol plant capacity

MG Motor India is investing Rs 2,500 crore by the end of next year to increase the production capacity at its Halol plant in Gujarat, as it gears up to launch its mid-size SUV Astor

Tube Investments to launch electric 3-wheeler passenger vehicles by March

Following this, TII will gradually look into the cargo segment, scooters and e-rickshaws

The electric vehicle boom is pay-dirt for factory machinery makers

New electric vehicle factories, funded by investors who have snapped up newly public shares in companies such as EV start-up Lucid Group Inc are boosting demand.

Kia sells 200,000 units of SUV Seltos in 2 years of operations in India

South Korean auto major Kia on Friday said it has sold two lakh units of its flagship SUV Seltos in two years of its operations in India.

Despite India's poor track record, Tata takes a gamble on semiconductors

Globally, every country, including India, is looking at reducing its dependence on imports for chips and moving towards self-sufficiency

Iconic brand Piaggio rolls out special edition Vespa 75th in India

Piaggio, the maker of the premium Vespa scooter, has rolled out a special edition of the two-wheeler in the domestic market on completing 75 years of the iconic brand.

Car review: The MINI Convertible, a pocket rocket for a sunny day

The MINI Convertible is a cheerful, easy ride even if it is a little heavy on the pocket

Covid-fuelled semiconductor crunch chips away at carmakers

After being forced to close plants last year as the pandemic took hold, carmakers are now facing stiff competition from the sprawling consumer electronics industry for chip deliveries