User: animeshn Topic: Car
Category: Conventional :: Diesel
Last updated: May 25 2017 23:52 IST RSS 2.0
 
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Gadkari for cut in GST on hybrid cars 25.5.2017 deccanherald.com
Union Road Transport and Highways Minister Nitin Gadkari on Thursday said that he will urge Finance Minister Arun Jaitley to bring down the GST rate on hybrid vehicles and other automobiles that run on alternate fuels. Under the GST rates announced last week, hybrid cars, which are considered eco-friendly, are slated to attract a 15% cess over and above peak rate of 28%, same as those of large luxury cars and sports utility vehicles (SUVs). The automobile industry has expressed concern on the high rate on hybrids stating it would put a spanner in the wheels of government plans to promote green vehicles. At present hybrid vehicles attracts excise duty of 12.5% with an effective overall tax rate of 30.3%. "I will be meeting Arun Jaitley soon to request that tax slabs for vehicles run on ethanol, bio diesel, bio CNG should be reduced. I will also request him to reduce tax rate on hybrid vehicles," Gadkari said. Karnataka writes to FM Ministers at the Centre are not the only ones seeking relief. Karnataka ...
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Mercedes, BMW lower prices, announce benefits before GST kicks in 25.5.2017 Business Standard: News Now
Luxury car makers, hit by diesel ban in the national capital region and demonetisation in recent times, are treading cautiously in the run up to the GST. Country's largest luxury car maker, Mercedes Benz, has lowered prices by up to nine per cent with immediate effect to ensure that customers do not postpone purchases to wait for a price benefit that kicks in from July. BMW is offering discounts and benefits until actual price cut happens to keep sales intact. Companies do not want to take any hit on sales.The minimum price cut on a Mercedes car is two per cent and in some cases it goes up to nine per cent in certain cities (where taxes were higher). The company said on an average the price has been cut by four per cent. In Delhi, ex showroom price of CLA 200 sedan is being cut by Rs 1.40 lakh (approximately) to Rs 30.60 lakh. The price of S Class Mayback S 500 is being cut by Rs 7 lakh to Rs 1.8 crore (approximately). The CLA 200 price in Kolkata and Bhubaneswar could come down by ...
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Mahindra charged up on electric cars 25.5.2017 DNA: Opinion
With the government's ambitious plan to have all vehicles sold beyond the year 2032 to be electric, Mahindra & Mahindra (M&M), which has so far invested Rs 600 crore in the segment, aims to expand it in the next 2-4 years and has come up with plan EV 2.0. Though M&M's immediate plan for the electric segment is to develop vehicles for mass mobility, there is also a blueprint for developing high-end niche products at a later stage, which would primarily be for foreign markets. The company's push for electric vehicles (EVs) comes in the backdrop of government's push, which expects around 5 million units of electric vehicles to be sold in around next 15 years. As per a report released by Centre's think tank Niti Aayog earlier this month, the accelerated adoption of electric and shared vehicles could save about $60 billion in diesel and petrol costs while cutting down as much as 1 gigatonne (GT) of carbon emissions for India by 2030. This would result in an annual reduction of 156 million tonne in diesel and ...
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India’s electric vehicles push to benefit China 24.5.2017 Hindu: Markets
SAIC, Chongqing Changan plans unit
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Volkswagen Tiguan launched in India, price starts at Rs 27.98 lakh 24.5.2017 Business Standard: News Now
Tiguan will be available across all Volkswagen dealerships in two trims, Comfortline and Highline
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Indian electric vehicle push a boon for Chinese? 24.5.2017 TOI: Home
A Niti Aayog report, the planning body headed by PM Narendra Modi, recommends lower taxes and loan interest rates on electric vehicles while capping sales of petrol and diesel cars, seen as a radical shift in policy.
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Dabur to Maruti: Key companies to watch out for once GST is rolled out 24.5.2017 Business Standard: Economy & Policy
Those in sectors with higher rates could face difficulty in improving volumes and preserving margins
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Modi's electric vehicles push will benefit Chinese car makers the most 24.5.2017 All Companies Stories
India aims at electrifying all vehicles in the country by 2032 for carmakers investing in China
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GST rates: FMCG to gain, SUVs to get cheaper, small cars to get costlier 23.5.2017 Features
The government has broadly kept the tax rates as closest to their the existing tax rate structures
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High GST rate will kill hybrid cars: Automakers tell govt 23.5.2017 Business Standard: News Now
Hasmukh Adhia has clarified that small hybrid vehicles would be taxed at 28% and large ones at 43%
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GST rates are non-disruptive: Gautam Duggad 23.5.2017 Market News
The government has broadly kept the tax rates as closest to their the existing tax rate structures
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We can learn a lot from Maruti Suzuki: Toyota Kirloskar Motor MD 23.5.2017 Latest News
Akito Tachibana, managing director of Toyota Kirloskar Motor (TKM), completed a year as head of the Japanese car maker here in April. Having joined at a time when the company was hit by the NCR diesel ban, Tachibana sounds more optimistic. In an interaction with Ajay Modi, he talks about the company's focus on safety and hybrid technology and says TKM stands to learn from the market leader Maruti Suzuki in India once the global partnership between Toyota and Suzuki is executed. Q)You took charge when there was crisis. Toyota then expressed inability to make further investments here. Since all that is past, does the India potential still excite the company?Whatever happened last year was like an accident, including the NCR diesel ban and demonetisation. We now don't remember it any longer. India has a capability to overcome such big impacts. During the diesel ban we lost 9 per cent of our sales for nine months. Still we survived. Of course, we got support from the new Innova and ...
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Honda WR-V: Can it take the road less travelled? 22.5.2017 TOI: Home
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We can learn a lot from Maruti Suzuki, says Toyota India MD 22.5.2017 Latest News
Akito Tachibana, managing director of Toyota Kirloskar Motor (TKM), completed a year as head of the Japanese car maker here in April. Having joined at a time when the company was hit by the NCR diesel ban, Tachibana sounds more optimistic. In an interaction with Ajay Modi, he talks about the company's focus on safety and hybrid technology and says TKM stands to learn from the market leader Maruti Suzuki in India once the global partnership between Toyota and Suzuki is executed. Q)You took charge when there was crisis. Toyota then expressed inability to make further investments here. Since all that is past, does the India potential still excite the company?Whatever happened last year was like an accident, including the NCR diesel ban and demonetisation. We now don't remember it any longer. India has a capability to overcome such big impacts. During the diesel ban we lost 9 per cent of our sales for nine months. Still we survived. Of course, we got support from the new Innova and ...
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Ford fires CEO Mark Fields as its shares hover at 52-week low: Reports 22.5.2017 Business Standard: News Now
Reports say James Hackett, head of Ford unit that works on autonomous vehicles, would take reins
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GST: Key companies to watch out for 21.5.2017 News
Those in sectors with higher rates could face difficulty in improving volumes and preserving margins
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Planning to buy a luxury car or an SUV? GST may save you up to Rs 85,000 21.5.2017 All Economy & Policy Stories
Industry is surprised over the differential treatment of hybrid and electric vehicles under GST
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Kia in India will be successful' launch, says Han Woo Park 20.5.2017 Top Stories
Kia Motor of South Korea announced it was entering India market with an investment of $1.1 billion
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Small diesel car prices to go up after GST enforcement 20.5.2017 Hindu: Business
The impact may work out to be an increase of 1.6% on the on-road price, due to a cess of 3%
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Excluding health care and education from GST is a bad idea; here's why 20.5.2017 News
Five key messages from GST Council's 14th meet and three thoughts on what future looks like for GST
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