India is planning to slash consumption tax by at least 10 percentage points on nearly 175 products, including shampoos, hybrid cars and consumer electronics, Reuters reported on Monday, citing two sources familiar with the matter. According to the report, this would mark the biggest reform of the goods and services tax (GST) system in nearly… Continue reading India Plans GST Cuts on Cars, Consumer Goods in Biggest Tax Overhaul in a Decade: Reuters
Author: Autocar_Professional India Online News
India Plans GST Cuts on Cars, Consumer Goods in Biggest Tax Overhaul in a Decade: Reuters
India is planning to slash consumption tax by at least 10 percentage points on nearly 175 products, including shampoos, hybrid cars and consumer electronics, Reuters reported on Monday, citing two sources familiar with the matter. According to the report, this would mark the biggest reform of the goods and services tax (GST) system in nearly… Continue reading India Plans GST Cuts on Cars, Consumer Goods in Biggest Tax Overhaul in a Decade: Reuters
Mukand Sumi Special Steel Announces ₹2,345 Crore Greenfield Plant in Karnataka
Mukand Sumi Special Steel Limited (MSSSL), a joint venture between India’s Bajaj Group and Japan’s Sumitomo Corporation, has announced plans for a new integrated steelmaking facility in Kanakapura, Koppal, Karnataka, with an investment of ₹2,345 crores. The greenfield project will expand MSSSL’s annual production capacity to 700,000 tonnes, positioning the company among India’s leading special… Continue reading Mukand Sumi Special Steel Announces ₹2,345 Crore Greenfield Plant in Karnataka
ATMA Urges GST Cut on Tyres to Ease Logistics, Support Key Sectors
The Automotive Tyre Manufacturers Association (ATMA) has called for a reduction in Goods and Services Tax (GST) on tyres, arguing that the current rate of 28%, the highest slab, burdens vehicle operators and inflates logistics costs across sectors. ATMA said lowering GST on tyres would directly cut vehicle operating expenses, particularly in the commercial segment,… Continue reading ATMA Urges GST Cut on Tyres to Ease Logistics, Support Key Sectors
CEAT Acquires Michelin’s CAMSO Construction Business in Strategic Off-Highway Expansion
CEAT Limited has completed its acquisition of Michelin Group’s CAMSO Construction Compact Line Business, marking a significant expansion into the global off-highway tire market. The transaction includes two Sri Lankan manufacturing facilities and permanent ownership rights to the CAMSO brand. The acquisition encompasses Michelin’s Midigama plant and Casting Product plant in Kotugoda, Sri Lanka, along… Continue reading CEAT Acquires Michelin’s CAMSO Construction Business in Strategic Off-Highway Expansion
SC: No Motor Vehicle Tax If Vehicle Not Used or Kept for Use in Public Place
The Supreme Court has ruled that owners cannot be compelled to pay motor vehicle tax if their vehicles are not used in or kept for use in a “public place.” According to media reports, the Court emphasized that the levy is compensatory in nature and directly tied to the benefit of public infrastructure such as… Continue reading SC: No Motor Vehicle Tax If Vehicle Not Used or Kept for Use in Public Place
Two-Wheelers Ride Festive Momentum as Carmakers Stall in August
The Indian automobile market in August 2025 told two very different stories. Passenger vehicle makers stumbled badly, reporting rare synchronized declines, while two-wheeler manufacturers surged ahead, setting new sales records and milestones on the back of the early festive season. Maruti Suzuki, Hyundai Motor India, Mahindra & Mahindra, and Tata Motors all saw shipments contract… Continue reading Two-Wheelers Ride Festive Momentum as Carmakers Stall in August
Lubrizol Names Abhishek Shrivastava as Managing Director for India, Middle East and Africa
Lubrizol has appointed Abhishek Shrivastava as Managing Director for its India, Middle East and Africa (IMEA) region, the company announced September 1st. The appointment positions Shrivastava to oversee the specialty chemical manufacturer’s operations across these strategic markets. Shrivastava brings nearly two decades of industry experience spanning business transformation, research and development, manufacturing technology, and quality… Continue reading Lubrizol Names Abhishek Shrivastava as Managing Director for India, Middle East and Africa
Mahindra Auto Sales Decline 9% in August After Record July Performance, Strategic Inventory Adjustment Ahead of GST Changes
Mahindra & Mahindra Ltd., reported a sharp reversal in August 2025 sales momentum, with total vehicle sales reaching 75,901 units marking flat growth compared to the same period last year, while its core SUV segment experienced a notable decline following record July performance. Sharp Turnaround After Strong July Performance The company’s utility vehicles segment sold… Continue reading Mahindra Auto Sales Decline 9% in August After Record July Performance, Strategic Inventory Adjustment Ahead of GST Changes
Tata Motors Domestic Sales Decline 2% Despite Overall Growth in August 2025
Tata Motors sold 68,482 vehicles in India during August, 2% fewer than in the same month last year. Total sales including exports rose to 73,178 units from 71,693 units in August 2024. The carmaker’s home market decline mirrors troubles across India’s car industry. Speculation about changes to goods and services tax has deterred buyers. Within… Continue reading Tata Motors Domestic Sales Decline 2% Despite Overall Growth in August 2025