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
Author: Economic Times of India Online News
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
EV adoption to fuel India’s 6 per cent annual energy demand growth till 2030: CareEdge
EVs are emerging as a key structural demand driver, prompting the need for both thermal and renewable capacity expansion. India’s energy demand is poised for 6 per cent growth per annum, owing to rapid adoption of electric vehicles, alongside demand from data centres and green hydrogen, according to CareEdge Ratings. The report noted that the… Continue reading EV adoption to fuel India’s 6 per cent annual energy demand growth till 2030: CareEdge
IAC seeks uniform 5 per cent GST for auto, commercial and industrial LPG
The coalition has also written to the Karnataka Transport Secretary, pressing for a faster policy framework for the registration of new auto LPG vehicles in Bengaluru. The Indian Auto LPG Coalition (IAC), the industry body promoting clean fuel alternatives, has urged the Finance Ministry and the GST Council to rationalise tax slabs for industrial, commercial… Continue reading IAC seeks uniform 5 per cent GST for auto, commercial and industrial LPG
As tensions wind down, Sino-Indian tieups put buzziness back in business
Auto sector expects the ball to roll now on the import of heavy rare earth magnets that had hit electric vehicle manufacturers, especially two-wheeler companies like Bajaj Auto. Indian and Chinese companies have stepped up talks on joint ventures and other partnerships in sectors such as electronics and automobiles after the recent meeting between Prime… Continue reading As tensions wind down, Sino-Indian tieups put buzziness back in business
GST reforms in electric mobility can drive India to energy independence
Bringing GST on batteries charging and swapping down to 5 per cent, at par with EVs, would have minimal revenue impact but significant benefits. India stands at a critical juncture in its electric vehicle revolution. As we approach the crucial GST Council meeting, the government has an opportunity to correct some fundamental policy inconsistencies that… Continue reading GST reforms in electric mobility can drive India to energy independence
Bajaj Auto sales up 5% in August on strong export growth
The company continues to rely on its strong export performance to offset weakness in domestic demand, even as the festive season is expected to provide a lift to local sales in the coming months. Bajaj Auto on Tuesday reported a 5 per cent year-on-year rise in total wholesales, including exports, at 4,17,616 units in August… Continue reading Bajaj Auto sales up 5% in August on strong export growth
From belonging to breakthroughs: Worker-led innovation at Maruti
Bhargava shared that simply asking for suggestions is not enough. Workers must be taught how to turn observations into actionable ideas. In the second episode of a five-part series on the podcast Counterpoint, hosted by Satyashri Mohanty, Founding Partner of Vector Consulting Group, R.C. Bhargava, Chairman of Maruti Suzuki, shared how the company tapped into… Continue reading From belonging to breakthroughs: Worker-led innovation at Maruti
Indian investors must look abroad for AI, semiconductors, EV themes: Vaibhav Shah of Mirae Asset
Mirae Asset’s Vaibhav Shah backs global diversification, highlighting AI, semiconductors, and risk-adjusted returns through the Global Allocation Fund. At the sidelines of the GIFT City Funds Conclave 2025, Vaibhav Shah, Head – Products, Business Strategy & International Business at Mirae Asset Investment Managers (India), highlighted why Indian investors must look beyond domestic markets. He explained… Continue reading Indian investors must look abroad for AI, semiconductors, EV themes: Vaibhav Shah of Mirae Asset