Autocar_Professional India Online News – Page 6

GST Cut: Auto Industry Reactions

The following are the reactions of key auto industry stakeholders, such as manufacturers, associations, analysts and others, to the government’s move to cut GST on several categories of automobiles and components: Saurabh Agarwal, Partner & Automotive Tax Leader, EY “The rationalization of GST rates on automotive vehicles and parts is a truly welcome and significant… Continue reading GST Cut: Auto Industry Reactions

GST Cut: Auto Industry Reactions

GST on Tractors and Tractor Parts Cut to 5%

The GST Council on Wednesday reduced the tax rate on tractors and farm machinery from 12% to 5%, marking a 7 percentage point drop aimed at lowering costs for farmers and boosting rural mechanisation. Tractors (except road tractors used for pulling semi-trailers and having engine capacity over 1800 cc) are taxed at 5% GST. However,… Continue reading GST on Tractors and Tractor Parts Cut to 5%

GST Council cuts tax on three-wheelers to 18% from 28%

India’s GST Council on Wednesday approved a reduction in the goods and services tax on three-wheelers to 18% from the current 28%, a move set to lower costs for manufacturers and buyers in a segment vital to urban transport and last-mile logistics. The decision, announced at the 56th meeting of the GST Council chaired by… Continue reading GST Council cuts tax on three-wheelers to 18% from 28%

GST Council slashes rates on buses, trucks, and ambulances to 18%

The Goods and Services Tax (GST) Council on Wednesday approved a reduction in the tax rate on buses, trucks, and ambulances to 18% from 28%, a move aimed at easing costs for the automotive industry and stimulating demand in key commercial vehicle segments amid sluggish economic growth. The decision, announced during the 56th GST Council… Continue reading GST Council slashes rates on buses, trucks, and ambulances to 18%

GST Council slashes rates on buses, trucks, and ambulances to 18%

GST on Small Cars, Motorcycles Slashed to 18% from 28%

The government on Wednesday announced sharp cuts in Goods and Services Tax (GST) rates across a wide swath of vehicles and equipment in a bid to spur demand. GST on small cars, motorcycles up to 350cc, three-wheelers, buses, trucks, and ambulances has been reduced to 18% from 28%, Finance Minister and GST Council Chairperson Nirmala… Continue reading GST on Small Cars, Motorcycles Slashed to 18% from 28%

Force Motors Reports Mixed Sales Performance in August 2025

Force Motors Limited announced its sales figures for August 2025, showing growth in domestic markets while facing challenges in export sales. Domestic Sales Show Positive Growth The Pune-based automotive manufacturer reported domestic sales of 2,295 units across its portfolio of Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles… Continue reading Force Motors Reports Mixed Sales Performance in August 2025

Government Approves ₹1,500 Crore Scheme to Boost Critical Mineral Recycling

The Union Cabinet has approved a ₹1,500 crore incentive scheme to develop domestic recycling capacity for critical minerals from secondary sources, marking a significant step toward supply chain resilience in strategic materials. The scheme, running from FY 2025-26 to FY 2030-31, forms part of the National Critical Mineral Mission (NCMM) and addresses the immediate need… Continue reading Government Approves ₹1,500 Crore Scheme to Boost Critical Mineral Recycling

SUVs Are Top Priority, Says Maruti Suzuki MD; Eyes Premium, Entry Models

Maruti Suzuki India Ltd (MSIL) has placed SUVs at the centre of its growth strategy. Managing Director and CEO Hisashi Takeuchi described them as the company’s “top priority” and stressed the need to “fix the problem quickly” of its relatively lower share in the segment. SUVs currently account for 28 percent of Maruti Suzuki’s overall… Continue reading SUVs Are Top Priority, Says Maruti Suzuki MD; Eyes Premium, Entry Models