Over the past year, the market has been hit by significant "jolts" in the form of three major market reforms -- demonetization, BSIII/BSIV and GST,
Rahul Gandhi visited US-based electric car major Tesla and a solar research centre in California to understand the implications of renewable and clean energy for India.
Under the partnership, the first batch of 500 vehicles has already been rolled out in Gurgaon in collaboration with Delhi Metro Rail, HSIIDC and Rapid Metro Gurgaon.
The effective GST rate on mid-size cars will be 45 per cent, and on large cars it would be 48 per cent. The rate will be 50 per cent on sports utility vehicles (SUVs), which include cars with length exceeding 4,000mm and having a ground clearance of 170mm and above.
Earlier, insurers were not allowed to offer differential pricing which would reward good customers and ensure higher premium for bad customers.
Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.
Tata Motors and its temporary workers at the Jamshedpur plant who were on a strike since Tuesday today agreed to end the four-day impasse. The ice-breaker came in after the unions agreed to the management offer to take 200 of the over 4,500 temporary workers on to the rolls annually. At the reconciliation meeting held yesterday, the workers had turned down instead asked for upgrade of at least 500 workers annually.
Automotive Component Manufacturers Association of India (ACMA) President Rattan Kapur said the logical progression will be to move from internal combustion engine to hybrids and then to full battery-based vehicles.
SEBI (Securities and Exchange Board of India) has disposed of a case against Tata Motors related to alleged non-redressal of investor complaints, after noting that Tata Motors had redressed the grievance of the complainants.
Leverton has decided to disengage from his services in the organisation as he wishes to relocate back to the UK for personal reason. He will, however, continue to remit his responsibilities till October 31, 2017.
The company will shortly roll out the 7-seater SUV Kodiaq, having already launched a new variants of the Superb, the Rapid (Monte Carlo) and the Octavia. It had long back discontinued its compact SUV the Yeti here and currently has only three models on sale now- the Superb, Octavia and the Rapid.
Flagging concerns over the proposed hike in GST on luxury cars, German auto-maker Mercedes-Benz has said it was eager to increase its output and headcount from the country if the government extended a little bit of support on taxation. "We do not understand suddenly why the need to actually review the cess all over again.
Jyoti Malhotra, will be the acting managing director in the interim.
Under the GST regime, large cars with engine capacity of greater than 1,500 cc and SUVs with length of more than four metres and engine greater than 1,500 cc attracts cess of 15 per cent in addition to the top tax rate of 28 per cent.
The facility starts with an installed production capacity of 300,000 motorcycles per annum in the first phase.
Tata Motors is now working on alternative plans for its small car Nano whose sales have fallen making its production not a viable proposition.
Tata Motors expects to save over Rs. 1,500 crore and add to the bottom line in its domestic business through various cost optimization exercises and hopes return to the black in 2017-18.
The association will enable bookings from 23 cities to over 215 one-way routes in the country and in the coming weeks, the integration will be expanded to a total of 500 routes.
There have been speculations over Butschek's continuation after the change of guard at Tata Sons, with some high-profile appointments by Mistry, including Rakesh Sarna of IHCL, leaving the Tata Group.
Honda Cars India Ltd. has got a green signal to expand its Tapukara plant, at a cost of Rs. 1,577 crore. The idea is to expand the production capacity at the plant while keeping the environmental impact to a minimum.
