India's scrappage policy for automobiles has the potential to reduce pollution and the industry's carbon footprint while creating employment and demand. It's a $6-billion opportunity

Mindful that these incentives may not be enough, Road Transport Minister Nitin Gadkari has also requested Finance Minister Nirmala Sitharaman to consider a GST cut for such vehicles.

The upfront cost of electric vehicles is higher than the internal combustion engine (ICE) vehicle. However, the operational cost of electric vehicles is lower than the ICE vehicles

Finance Minister Nirmala Sitharaman on Friday said she might take a call closer to the GST Council meeting about proposing to the Council to bring petrol and diesel under the goods and services tax (GST); Mobile firms request govt to build polices to compete with countries; Dual airbags mandatory for new cars from April 1. Watch this and more news on News Blast.Also Read: TVS Motor to provide free COVID-19 jabs to employees, family members

Call on bringing fuels under GST to be taken closer to GST Council meet: Sitharaman Amidst the rise in fuel prices, Finance Minister Nirmala Sitharaman on Friday said she might take a call closer to the GST Council meeting about proposing to the Council to bring petrol and diesel under the goods and services tax (GST). Sitharaman admitted that taxes on fuels should be brought down to reduce the burden on consumers, and called pricing a worrying issue. Dual airbags mandatory for new cars f...

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EV manufacturers are hoping that government will fasten its pace in creating a sufficient infrastructure for charging. Since the inception of the FAME-II policy in 2015, less than 1,000 charging stations exist in the country

\"Lightening the balance sheet of the government means divestment and monetising their investments. That is the way to go. If you look at it globally, that is how things have worked out,\" says Krishan

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Any hike in taxes on luxury cars will hit demand and prevent recovery from the disruptions witnessed last year, according to senior officials of the companies

Carmakers posted a strong growth of over 17 per cent year-on-year in wholesales last month, but the big question is whether demand will sustain beyond the festivities. Nobody has a clear answer

Maruti Suzuki posted total sales of 182,448 units which included 6,037 units of the Baleno and Brezza models that it supplied to Toyota Kirloskar Motor Ltd and 9,586 units that it exported during the month

The auto major, with around 50 per cent of market share in the domestic passenger vehicle segment, said the government can look at the GST relief if demand tapered off in the future

The company says it has seen a shift in preference towards entry level hatchbacks as a section of the market is buying cars to avoid using public transport as a means of prevention from contracting the coronavirus

Finance Minister Nirmala Sitharaman on Monday said that the goods and services tax (GST) Council could not reach a consensus in the meeting on the issue of compensation

To differentiate itself from the Brezza, Toyota has made cosmetic changes with the bumper and grille of the vehicle in the front and colour combination inside while also doing away with a like to like entry level variant for the Brezza LXi which has a starting price of Rs 7.34 lakh

Finance ministry sources said that the fact these auto companies have made huge payouts in the form of royalty to their parent companies located abroad is evidence enough that they have flourished in the same tax regime

Elaborating on tasks at hand, he said FADA would also work for making auto retail business viable again by taking steps to enhance profitability of the dealer community which has been hit hard by a prolonged slowdown

Decline in India's GDP during June quarter was a result of stringent lockdown imposed across the country, claimed Finance Ministry in Economic Review report for August

This is not the first time that the Finance Minister has raised hopes only to disappoint later; similar noises had emanated from the North Block in August last year, only for the proposal to fall through