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BusinessToday.In
New Delhi, September 10, 2019
INX Media: CBI may file chargesheet in September, to name P Chidambaram as accusedAfter questioning former finance minister P Chidambaram in custody, the Central Bureau of Investigation (CBI) is likely to file a chargesheet in the INX Media case by end of this month. Sources reportedly said the chargesheet will be filed against 10 accused, including few companies, which were allegedly involved in the case. The chargesheet is likely to reduce Chidambaram's chances of getting bail. 'Even I...


Sumant Banerji
New Delhi, September 10, 2019
Auto crisis: This year, the industry is keeping it simple, treating the festive month of October as regular even as both Navratra and Diwali are falling in it. 


PTI
September 9, 2019



Sumant Banerji
September 9, 2019
Auto sales decline in India by 23.5%: In August 2019, overall sales stood at 18,21,490 units against 23,82,436 units in the same month last year.


BusinessToday.In
September 9, 2019
India's monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to data released by an industry body on Monday, highlighting the continued slowdown in the sector amid assurances by the government for revival.


PTI
New Delhi, September 6, 2019
There are a lot of uncertainties related to BS-VI emission norms transition and how it can impact the overall demand, says Tata Motors CEO and Managing Director Guenter Butschek


Sumant Banerji
September 5, 2019
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


PTI
September 5, 2019



BusinessToday.In
New Delhi, September 5, 2019
Uday Kotak added that problems in the auto sector are structural and cyclical and he urged the industry to introspect to overcome these challenges.


Sumant Banerji
New Delhi, September 5, 2019
\"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.


PTI
September 5, 2019



BusinessToday.In
September 5, 2019
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.


BusinessToday.In
New Delhi, September 5, 2019
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.


BusinessToday.In
New Delhi, September 4, 2019
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


BusinessToday.In
September 4, 2019
The overall volume at India's top four medium and heavy commercial vehicle makers - Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra - fell 59.5 per cent year-on-year to 31,067 units in August


BusinessToday.In
New Delhi, September 3, 2019
Kerala Finance Minister Thomas Issac said that the central government needs to go for fiscal expansion like the one in 2009 to revive the economy and boost market sentiment


BusinessToday.In
New Delhi, September 3, 2019
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.


PTI
August 29, 2019
The other reason which had impacted the sector, particularly in the urban areas, is the emergence of ride-hailing cabs


Chitranjan Kumar
New Delhi, August 28, 2019
In the last six months, BSE auto sector index skidded 36 per cent and NSE's Nifty auto index too dropped nearly 36 per cent in the same period, dented by weak consumer sentiment and slowdown in the sector


Reuters
New Delhi, August 27, 2019
Safety norms and higher taxes have \"added substantially\" to the cost of cars, affecting their affordability, said chairman RC Bhargava


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