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AUTOMOBILE GST REDUCTION
ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single custo...
As new phones, cars get costlier, Indians turn to second-hand market in drovesConsumers are increasingly turning to used phones and cars as new vehicle prices climb. Refurbished smartphones now make up over a quarter ...
Why a Rs 72,000 crore fund manager refuses to chase defence rally nowICICI Prudential's Mittul Kalawadia advises caution on current market valuations. He notes that future growth is already factored into stoc...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
Higher petrol, diesel prices threaten to rekindle inflation pressures: ReportFuel prices are rising in India. This will increase transport and manufacturing costs. These higher costs will likely lead to more inflatio...
Auto sales jump 13% to 2.61 million units on strong demand tailwindsVehicle sales saw a significant 13% jump last month, reaching 2.61 million units. This surge marks the best-ever April for most vehicle cat...
Ferrari eyes faster India expansion on back of EU-India FTA boostFerrari anticipates accelerated growth in India, driven by a significant reduction in import duties following the EU FTA. The company is en...
Auto sales hit record high in FY26 as tax cuts, rate easing drive demandIndia’s automobile sales hit a record high in FY26, driven by tax cuts, lower interest rates and revised income tax slabs, according to Soc...
GST rate cuts from Monday to make food, medicines, cars and electronics cheaperStarting September 22nd, consumers will benefit from reduced GST rates on approximately 375 items, encompassing kitchen staples, electronic...
India Inc revenue to grow 7% this fiscal on GST restructuring, but profit margins may remain flat: CrisilCrisil Intelligence expects India Inc’s revenue to grow 6–7% this fiscal, driven by GST rate cuts boosting consumption, especially in FMCG,...
Auto industry body seeks cut in two-wheeler GST; SIAM suggests three-level slabs based on fuel typesSociety of Indian Automobile Manufacturers (Siam) has requested a reduction in GST rates on two-wheelers in India. They proposed different ...
Parliamentary panel suggests lower GST rate for auto sectorAmid slowdown in the sector, the committee, among other things, recommended to either suspend or postpone the upfront payment of insurance ...
FADA urges GST Council to take definitive decision on GST rate for automobilesIn a letter written to FM Nirmala Sitharaman, FADA President Ashish Harsharaj Kale said customers have deferred their buying decisions in a...
Fitment panel rules out GST cut for auto, consumer durables or biscuitsThe fitment panel has blamed the current liquidity crisis and troubles of NBFCs for auto sector slowdown.
States may support GST relief on hotel tariffsMove to boost tourism; consensus unlikely on GST cut on auto.
Government measures to revive auto sector yet to make impact on ground level: FADAHe was responding to query on whether the measures announced by Finance Minister Nirmala Sitharaman to help the auto industry has had any t...
Auto slowdown: Rajiv Bajaj for GST cut closer to BS-VI, Pawan Goenka wants it nowWhile automobile industry clamours for a cut in GST, differences have now arisen over when it should be done.
Auto industry united in seeking GST rate cut on vehicles: SIAM"The automotive industry is currently facing a daunting challenge of a deep slowdown that urgently needs some form of stimulus from governm...
Now, only 35 goods in highest tax bracket of GSTThere were around 226 goods in the 28 per cent category when Goods and Services Tax (GST) was implemented on July 1, 2017.
Reduction in tax rate on the highly priced premium cars was unexpected: Satya Poddar, EY"The passage of the increase in the tax rates for the GST is very simple. It requires only simple majority in parliament and that should no...