The government also kept unchanged the GST on e2Ws and passenger vehicles at 5 per cent though that on petrol and diesel cars saw a significant drop with effect from September 22. A sweeping premiumisation trend this festive season is benefiting manufacturers of products such as smartphones, refrigerators, laptops, washing machines, and electric vehicles (EVs)… Continue reading Tax reliefs cut through, even into premium segment
Author: Economic Times of India Online News
Amit Kaushik steps down as MD and Country Head of Urban Science India
Amit Kaushik New Delhi: Amit Kaushik, Managing Director (MD) and Country Head at Urban Science, has stepped down from his role after serving for nearly a decade in the company, according to an update on professional working site Linkedin. With more than two decades of experience across automotive OEMs and global consulting firms, Kaushik joined… Continue reading Amit Kaushik steps down as MD and Country Head of Urban Science India
LuxExclusive marks 10 years of partnership with Mercedes-Benz
The company has worked closely with Mercedes to design customer experiences, create customised merchandise and curate premium events, setting new benchmarks in the luxury automotive space. LuxExclusive Marketing, a luxury marketing and customer experience design firm, on Thursday said it has completed 10 years of association with Mercedes-Benz in India, extending its collaboration to Qatar… Continue reading LuxExclusive marks 10 years of partnership with Mercedes-Benz
Madhya Pradesh sees sale of 7493 vehicles in first two days of Navratri
Festive season and GST cuts boost automobile sales across Madhya Pradesh, dealers report. The festive season has brought a strong revival in automobile sales across Madhya Pradesh, with dealers reporting a sharp rise in demand on account of auspicious Navratri days and the recent GST cuts. The state recorded sale of 7493 vehicles in just… Continue reading Madhya Pradesh sees sale of 7493 vehicles in first two days of Navratri
US confirms EU autos and auto parts 15% tariffs began Aug 1
The US notice also specifies hundreds of products from the EU that are exempt from tariffs, including natural resources such as cork that are unavailable in the US. The Trump administration issued a formal notice on Wednesday implementing the US trade agreement with the European Union, confirming that autos and auto parts imports will be… Continue reading US confirms EU autos and auto parts 15% tariffs began Aug 1
Chasing carmaker stocks? Here’s the hidden $80 billion auto play that’s quietly minting fortunes
As India’s auto boom accelerates, the real fortunes may not be made by those manufacturing the vehicles but by those making the thousands of components that go into them. As car and bike showrooms report record-breaking surges during Navratri, fueled by GST rate cuts, leading players like Maruti Suzuki, Hyundai, and Tata Motors are seeing… Continue reading Chasing carmaker stocks? Here’s the hidden $80 billion auto play that’s quietly minting fortunes
Chandigarh’s EV charge to be powered by the Sun
The model will be replicated at three additional sites across the city, each featuring rooftop solar panels, battery backup systems, super-fast charging stations, and battery swapping facilities. Chandigarh is taking a major step toward sustainable urban mobility by launching solar-powered electric vehicle (EV) charging hubs at four key locations: IT Park, New Lake Parking (Sector… Continue reading Chandigarh’s EV charge to be powered by the Sun
Nomura sees good times ahead for Indian steel players, picks JSW Steel and Jindal Steel as top bets
On JSW Steel, Nomura said it expects steady earnings expansion driven by capacity additions of 7 million tonnes by FY28 and progress toward raw material self-reliance. Nomura has reiterated its bullish stance on India’s steel sector, citing strong domestic demand and supportive global cues, and named JSW Steel and Jindal Steel as its top picks.… Continue reading Nomura sees good times ahead for Indian steel players, picks JSW Steel and Jindal Steel as top bets
India building ecosystem for critical minerals; 34 blocks auctioned so far: G Kishan Reddy
India is building an integrated ecosystem for critical minerals to reduce import dependence and support the energy transition, Union Coal and Mines Minister G Kishan Reddy said on Wednesday. Speaking at the ET Energy Leadership Summit 2025, Reddy said demand for critical minerals such as lithium, nickel and cobalt is projected to multiply several times… Continue reading India building ecosystem for critical minerals; 34 blocks auctioned so far: G Kishan Reddy
Suzlon to switch entire fleet to EVs by 2035
According to the statement, Suzlon is the first Indian renewable energy company to join the EV100 initiative, accentuating its role as a climate leader in the sector. Renewable energy solutions provider Suzlon on Wednesday said it will transition its entire vehicular fleet to electric mobility by 2035. After committing to power all its facilities with… Continue reading Suzlon to switch entire fleet to EVs by 2035