Thomas Cook India reiterates to not be linked to UK entity, car companies offer festive discounts to revive car sales, lower corporate tax rate to boost smartphone industry and more news on News Blast.

'Sales in September to be higher than in August,' says Maruti Suzuki Chairman RC BhargavaIndia's biggest automaker, Maruti Suzuki India Ltd, expects sales of its cars in September to be higher than the previous month, its Chairman RC Bhargava has said. He said that very high sales are expected on September 29 and 30.  September 29th marks the beginning of the 9-day Navaratri festival, which typically witnesses an uptick in sales.India's corporate tax cut to boost smartphone man...

Hyundai India's schemes are in the form of cash and exchange offers for Santro, Grand i10, Xcent, Elite i20, Verna, Elantra and Tucson

The country's largest car-maker Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period under review and slip below 50 percent in the domestic passenger vehicle segment in April-August

Honda said the new Activa scooters will start hitting the roads by the end of this month and will be launched across the country in a phased manner

As a part of this association, customers can avail leasing options for Honda CR-V, Honda Civic and Honda City for both corporate customers and individual customers

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

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.

Nationwide, according to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers since the start of the year, in response to plunging car sales

With India's auto sales declining for the 10th straight month in August, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check

The equity market crashed on Tuesday with Sensex and Nifty declining over 2% each on heavy selling in PSU banks and auto indices.

Global investors' interest in auto-tech start-up comes at a time when the Indian auto sector is battling its highest de-growth in monthly sales over the past 19 years

SIAM President Wadhera said that the series of announcements on credit availability and reduction of cost of credits do not seem to have percolated to the NBFCs.

Tracking the fall in sales, the BSE auto index tanked 255 points to 15,513 compared to the previous close of 15,768 on Friday.  The Nifty auto index too fell 121 points to 6914 level in early trade.

Finance Minister Nirmala Sitharaman kindled hopes of a GST rate cut on the same day that several leading auto players announced dismal sales figures for August. The auto industry has long called for a reduction in the GST rate from 28 per cent to 18 per cent to accommodate the downturn.

Finance Minister Nirmala Sitharaman had on August 23 announced a few measures including 30 per cent depreciation for new vehicles and revoking the ban on purchasing vehicles for the government, to spur a turnaround but many in the industry felt the measures were too little too late.

Renault Triber launched: The car gets a host of features like an 8.0-inch touchscreen infotainment system, Apple CarPlay and Android Auto smartphone connectivity, Auto climate control, among others

New Hyundai Grand i10 Nios comes with a completely new exterior design; the car is offered in total ten variants -- seven in petrol and three in diesel power trims and will for sometime coexist with the Grand i10