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It's a divided house on hybrids in Indian automotive industry
Prior to GST, hybrid vehicles were taxed at 30.3 per cent (12.5 per cent excise duty, 12.5 per cent value-added tax, 2 per cent central sales tax and 1 per cent national calamity contingent duty). Under GST, it attracts 28 per cent tax and 15 per cent cess - like big petrol and diesel luxury cars
Seltos beats Hyundai Creta, MG Hector; Kia Motors enters top-10 best-selling brands in India
Kia Motors' compact SUV Seltos, which has managed to receive more than 32,000 bookings within 6 weeks of its launch, is also facing a tough task to meet the overwhelming demand
Porsche Taycan, company's first electric car, unveiled; check out price, top speed, features
The Porsche Taycan Turbo S will cost around $185,000 (Rs 1.33 crore), while the Taycan Turbo will cost nearly $151,000 (Rs 1.08 crore). Other versions, with lower prices, less speed and power, will be available later this year
Cars not an aspiration, consumers prefer cab services, says Uday Kotak
Uday Kotak added that problems in the auto sector are structural and cyclical and he urged the industry to introspect to overcome these challenges.
PNB board gives approval to merger with Oriental Bank, United Bank
The heads of the 10 PSBs on the merger list met in Mumbai on Wednesday to discuss initial plans. The concerned banks have already formed teams at the level of general managers to ease the process of integrating products and processes
Passenger car sales in J&K, Northeast beat other states
While the auto companies are battling a slowdown in sales across all parts of the country, few north-eastern states have bucked the trend of a declining industry-these include Manipur, Mizoram, Nagaland and Sikkim along with Jammu and Kashmir
Slowdown Blues: Nitin Gadkari does a U-turn, says no ban on petrol, diesel cars
"We should move towards alternative fuel... I am going to do this, whether you like it or not. And I am not going to ask you. I will bulldoze it. Petrol, diesel gaadi banane walo ka band bajaana hai," he had said in September 2017.
Nitin Gadkari assures auto companies, promises to discuss GST cut with Finance Minister
Clearing the air on the government's plan for petrol and diesel vehicles, Gadkari said that the government doesn't intend to ban these vehicles.
Maruti Suzuki plans to offer heavy discounts to clear inventory
Shashank Srivastava, Executive Director of Marketing and Sales in Maruti Suzuki India said that heavy discount were a reflection of their attempt to try and push retail since inventory at both network and factory levels were high.
Volkswagen Polo, Vento facelifts launched in India; prices begin at Rs 5.82 lakh
As part of cosmetic updates, both Volkswagen Polo and Vento get glossy black honeycomb mesh grille, a revised bumper, and new headlamps and tail lamp cluster