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Search Keyword: luxury cars

News
  Sep 05, 2017

Govt notifies hike in GST cess on mid, large cars to 25 per cent

The government has notified hike in GST cess on a range of cars from mid-size to hybrid variant to luxury ones to a maximum of 25 per cent, from earlier 15 per cent.

High cess on big cars a dampener for the industry
Articles
  Sep 01, 2017

High cess on big cars a dampener for the industry

There is an atmosphere of policy uncertainty in auto sector, with the government, first lowering and then increasing the effective tax on big vehicles under GST. Though yet to be implement (since the Central Government will have to move legislative amendments to make this change effective), automakers feel the need of a long-term policy roadmap for the industry.

News
  Aug 10, 2017

In-vehicle infotainment market to reach $30.47 billion by 2022

The report "In-vehicle infotainment market by component published by MarketsandMarkets™, the in-vehicle infotainment market is estimated to be $15.20 billion in 2016 and is projected to reach $30.47 billion by 2022, at a CAGR of 11.79 per cent.

News
  Aug 01, 2017

Passenger vehicle sales slump in June on GST fears

ales of passenger vehicles in June declined the sharpest since March 2013 as dealers stayed away from buying stock due to ambiguity over the goods and services tax (GST). Passenger vehicle sales declined 11.21 per cent to 198,000 units.

It
Articles
  Jul 01, 2017

It's raining Goodies

A number of other India-made luxury vehicles have also become lighter on the pocket, as manufacturers offer benefits ranging from price reductions and attractive financing schemes. The Goods and Services Tax (GST) has been one of the key things that has caught the attention of the market given its implications on earnings of companies.

News
  Jun 19, 2017

India is betting big on electric vehicles

Few days were decisive one for Toyota Kirloskar Motor. It was the day the GST Council met to review tax rates in a vast swathe of product categories. By the end of the meeting, rates on 66 products were brought down, including pickles, agarbattis and cashew nuts.

Auto makers want govt to keep GST rate on hybrids at 18%
News
  Jun 12, 2017

Auto makers want govt to keep GST rate on hybrids at 18%

Auto makers have asked the government to reduce GST rate on hybrid vehicles to 18 per cent, saying clubbing the eco-friendly automobiles with big luxury models is "incomprehensible".

News
  Jun 07, 2017

Attractive Rates, Mahindra First Choice Services Ltd, Mahindra & Mahindra Limited Used car financing rates down

Interest rates for financing of used cars and SUVs came down by 100-125 basis points (100 basis points = 1 per cent) in the past 12 months, twice as fast as new car loans.

News
  May 22, 2017

GST rate on hybrid vehicles against green mobility

The auto industry termed the clubbing of hybrid vehicles with luxury cars in GST rates as environment unfriendly and regressive, saying it went against plans to promote green vehicles.

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