Union Budget 2021-22: There is a buzz in the Electric Vehicle Space

The Union Budget 2021-22 presented by Nirmala Sitharaman may not have given a single sop to the electric vehicle industry but those in this electric vehicle space are upbeat over the indirect measures in the Union B...

UNION BUDGET 2021-22 & INDIAN AUTO INDUSTRY

The Union Budget 2021-22 presented by Nirmala Sitharaman, Union Minister of Finance may have got a standing ovation from the punters of the Indian stock market, but for the Indian auto industry, the direct benefits ...

Automobile market has not responded till now to FM’s incentives, says SIAM President

The Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera has said in a press release that the sales report coming out from various companies for the month of August 2019 has been very dismal wit...

Tata Motors passenger vehicles sales dip 58 per cent at 7316 units for Aug 2019

Tata Motors passenger vehicles sales dipped by a massive (-) 58 per cent with total sales at a mere 7316 units in August 2019 as compared to 17,351 units in August 2018. For the latest fiscal April to August 2019, t...

Auto industry hails GST reduction on electric vehicles

Society of Indian Automobile Manufacturers (SIAM) welcomed the government’s decision to reduce the GST rate on electric vehicles from the present 12% to 5%.

Automotive industry grins and bears it, as usual

As has always been happening in the past, the Indian automotive industry has been left with no other choice, but to grin and bear it and pretend everything is hunky- dory. An additional 1 per cent tax will now be co...

BHARAT FORGE LTD: Forging a Make in India Global Plan

For the Rs 7,625 crore Kalyani group controlled by Baba Kalyani, ‘Make in India” has been a way of life. For long, this group which has business interests in the fields of automotive, energy, rail, marine, aerospace...

Union Budget reactions from the Indian auto industry

Finance Minister Arun Jaitley presented the General Budget for the year 2015-16 in Lok Sabha on February 28, 2015.

Electric Motor scores over internal combustion engine in Union Budget 2015-16

The Electric Motor seems to have scored over the conventional internal combustion engine in the Union Budget 2015-16. And rightly so! The electrical vehicle industry has been bleeding profusely in the last few years...

Constitution Amendment Bill on GST tabled in Lok Sabha

After the Union Cabinet approved the proposal for introduction of a Bill in the Parliament for amending the Constitution of India to facilitate the introduction of Goods and Services Tax (GST) in the country on Dece...

Honda scooter plant in Gujarat by 2015

Honda Motorcycles and Scooters Inda (HMSI) has announced its fourth manufacturing plant in Gujarat. The plant which HMSI to have set up by late 2015 will be the country’s only plant that manufactures scooters exclus...

It’s a dud Budget for the automotive sector

A lot was expected from Finance Minister Arun Jaitley for the automotive sector but none of that figured in the Union Budget 2014-15 announced on July 10, 2014. The Budget focussed on infrastructure and simplificati...

Car, bike, CV makers cut prices across range

Barely a few days after Finance Minister P Chidambaram announced an excise duty reduction in the Interim Budget 2014, vehicles makers across the country have announced price cuts of their model range. In the Interim...

Excise relief for Motown Industry

In the Interim Budget, Finance Minister P Chidambaram reduced excise duty on small cars and motorcycles from 12pc to 8pc. There is also a cut to 20pc for large and mid segment cars and 24pc (from 30pc) for SUVs. Com...

Union Budget 2012-13 & auto industry

The Annual Budget 2012-13 has been tabled in the parliament and is widely believed to move and shake




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