Page 28 - Auto

M&M cushions dealers from cess blow; others likely to follow suit

M&M has offered relief to dealers against cess losses while GST 2.0 led buyers to defer purchases, with overall August auto retail sales up 2.84% year-on-year, FADA said

BMW, Mercedes, Volkswagen vie with BYD-led China rivals at Munich show

The stakes are high. German automakers are grappling with US tariffs, muted sales in Europe and eroding market share in China

MP first state to frame EV policy, says CM on eve of World EV Day

It is priority of state to achieve country's electric vehicle manufacturing targets as part of the global mandate to fight climate change under the leadership of Prime Minister Narendra Modi, he added

JSW MG Motor, Kia announce price cuts following GST rationalisation

MG Motor said it will extend the full benefit of the GST reduction across its SUV portfolio, with price cuts ranging from ₹54,000 to ₹3,04,000, effective from September 7

GST revamp: Will reduce prices of ICE vehicles, says TVS CEO Radhakrishnan

Electric vehicles remain unaffected and continue to enjoy the concessional rate of 5 per cent GST. The benefits will be available to customers starting September 22, 2025, it added

Automobile dealers seek govt intervention in compensation cess recovery

Once no further cess liability arises, these balances cannot be utilised against CGST/SGST/IGST under the current law, FADA President C S Vigneshwar said

Volkswagen in advanced talks with US for investment deal amid tariff woes

Chief Executive Oliver Blume hoped for a quick solution "because we need to take decisions right now for localising our business there," he said

Auto sales rise 0.02% in August, GST 2.0 defers sales to September

The two-wheeler segment registered a 1.34 per cent month-on-month growth, rising 2.18 per cent Y-o-Y, aided by festive enquiries around Onam and Ganesh Chaturthi

From Hyundai to Tata Motors, here's how much cheaper cars get under GST 2.0

Hyundai, Tata Motors, Mahindra, Maruti and Renault have announced steep cuts across cars and CVs, with reductions ranging from ₹30,000 to ₹4.65 lakh from September 22

GST reforms: Hyundai Motor India set to cut prices by up to ₹2.4 lakh

Hyundai to cut prices of Verna, Creta, Venue, i20 and Tucson by up to ₹2.40 lakh from Sept 22 after GST rate cut, making cars more affordable this festive season

Looking at India for small e-cars as GST rate cuts boost market: VW CEO

Under the electric small car family, the VW Group showcased 'ID. CROSS Concept' SUV from Volkswagen brand, Skoda Epiq SUV along with sister models Volkswagen ID. Polo and CUPRA Raval

Volkswagen unveils compact electric SUV ahead of Munich auto show

European automakers are up against stiff competition from China in the quest to bring affordable EVs to the market.

Hyundai to cut prices by up to ₹2.4 lakh; Tata Motors by ₹4.65 lakh on CVs

The company said the price cut ranging between Rs 60,640 on Verna to Rs 2.4 lakh on premium SUV Tucson will be applicable from September 22

VinFast enters India with VF6, VF7 electric SUVs: Check price, specs

Vietnam's VinFast debuts in India with two electric SUVs, VF6 and VF7, while also unveiling plans for e-buses, two-wheelers, charging stations, and smart cities

Mahindra passes on GST cuts; Tata, Renault follow with price reductions

Automakers slash prices up to ₹1.56 lakh as GST 2.0 rationalises tax slabs, with Mahindra leading the move ahead of the September 22 deadline

Maruti to Tata Motors: Auto companies start passing on GST cut to buyers

Maruti's Alto could see a price drop by ₹40,000-50,000, while the entry-level Wagon R may see reductions between ₹60,000 and ₹67,000

Citroen to double India market share in 3 months with Basalt X SUV

Citroen eyes stronger India play with Basalt X SUV, aiming to double market share in three months while exports from Thiruvallur are projected to cross 10,000 units in FY26

GST cut to drive 200 bps boost in two-wheelers, 100 bps in PVs: Crisil

GST Council's two-rate tax structure to cut vehicle prices by up to 10%, supporting festive auto sales for two-wheelers, small cars, and compact SUVs

GST cuts boost auto sector, dealers hope for quick cess resolution

Auto dealers expect a boost in the second half of FY25 following GST cuts on vehicles and parts, which aim to improve affordability

EV makers relieved as GST Council retains 5% tax on electric cars

The GST Council's decision to retain the 5% tax rate on electric vehicles (EVs) reassures manufacturers, but competition from small petrol and diesel cars with lower taxes looms