The plant produces the midsize Cadillac Lyriq and the Vistiq, a larger electric SUV. General Motors is cutting output at one of its main electric-vehicle factories, the latest automaker to pull back on EVs as US President Donald Trump’s administration yanks federal support for green cars. GM will stop production of two electric Cadillac SUVs… Continue reading General Motors cuts output at one of main EV factories, citing weak demand
Author: Economic Times of India Online News
Japan, US near deal to bring lower auto tariffs into effect, source says
The exact date to be specified in the executive order is still under discussion, the source said, adding that the final decision would ultimately rest with US President Donald Trump. Japan and the United States are in the final stages of talks to implement lower tariffs on Japanese automobile imports within 10-14 days after the… Continue reading Japan, US near deal to bring lower auto tariffs into effect, source says
Auto industry hails GST rate cut as timely boost for affordability, demand
Industry leaders also welcomed the government’s decision to retain the 5 per cent GST on EVs, saying it would sustain momentum in the shift towards sustainable mobility. The Indian automobile industry on Thursday welcomed the GST Council’s decision to reduce tax rates on vehicles, calling it a timely reform that will make cars and two-wheelers… Continue reading Auto industry hails GST rate cut as timely boost for affordability, demand
GST 2.0 FAQs: How new tax slabs will impact cars, EVs, FMCG. Everything you need to know
Nirmala Sitharaman at the GST Council press briefing. In an impromptu press conference on Thursday, held at 10:00 PM to brief about the outcome of the GST Council meeting, Finance Minister Nirmala Sitharaman announced sweeping GST reforms in what could be described as the most significant overhaul of India’s indirect tax regime since its launch… Continue reading GST 2.0 FAQs: How new tax slabs will impact cars, EVs, FMCG. Everything you need to know
Government asks vehicle owners to update mobile numbers
According to the state transport department, about 80 per cent of vehicle owners and DL holders in the state have updated their mobile numbers on the Vahan and Sarathi applications. The govt has called upon driving licence (DL) holders and registered vehicle owners to update or add their mobile numbers through the Aadhaar authentication process… Continue reading Government asks vehicle owners to update mobile numbers
Innovation and big losses amid China’s EV frenzy
Electric cars are a lot like smartphones or laptops: The more you make, the cheaper it is to make even more. China is conquering the world in electric vehicles. Its automakers produce far more than any other country and outpace them on innovation. China’s appetite for gasoline-powered cars is fading by the week. In each… Continue reading Innovation and big losses amid China’s EV frenzy
Small cars, SUVs, bulk of two wheelers, tractors to get cheaper on GST rate cut bonanza
The SUV segment has been on fire these last couple of years, now accounting for more than a third of the passenger vehicle market. The Diwali bonanza promised by the Prime Minister has become a reality, with the GST rate on small cars, two and three wheelers being slashed by 10 percentage points to 18… Continue reading Small cars, SUVs, bulk of two wheelers, tractors to get cheaper on GST rate cut bonanza
Stage set for new buoyancy levels in auto sector with GST goodies basket
The GST announcements made later in the evening would have been music to the management’s ears. The auto industry will have every reason to pop the champagne with the slew of GST reductions that will soon be in place across segments right from small cars and two-wheelers to commercial vehicles, tractors and auto parts. On… Continue reading Stage set for new buoyancy levels in auto sector with GST goodies basket
Prices of small cars, two-wheelers under 350cc, to come down significantly on GST cut; bigger cars in 40% slab
Sitharaman said the new rates will come into effect from September 22. Car and SUV prices, especially those classified under the 4-meter small vehicles category (petrol under 1200cc and diesel under 1500cc), as well as two-wheelers under 350cc will see a price cut from Sep 22, as the GST Council meeting slashed the GST rate… Continue reading Prices of small cars, two-wheelers under 350cc, to come down significantly on GST cut; bigger cars in 40% slab
Delhi HC orders state government to expedite EV subsidy disbursal
The order came while hearing a Public Interest Litigation (PIL) filed by Jan Seva Welfare Society. The Delhi High Court on Wednesday directed the Delhi government to immediately disburse subsidies promised to consumers who purchased electric vehicles under the Delhi Electric Vehicle Policy, 2020, observing that procedural hurdles cannot be used as a pretext to… Continue reading Delhi HC orders state government to expedite EV subsidy disbursal