Government must review tax structure to keep auto industry on fast lane, says R C BhargavaWhile the industry has grown in strong double-digits this year, demand is coming from the more premium end of the market, indicating stress...
20 Dec, 2022, 09.01 PM IST
Uniform tax on small, big cars will not augur well for auto industry growth: Maruti Suzuki Chairman"The burden of regulatory changes on the small cars is far higher than the regulatory burden on big cars and that is changing the whole mar...
20 Dec, 2022, 07.22 PM IST
India's top automaker blames regulatory burden, high taxes for keeping cars out of reachCar-industry growth in India has slowed to 3% from 12% in the past twelve years, partly due to poor government policies, Bhargava said. Mar...
20 Dec, 2022, 11.52 AM IST
High taxation limiting growth of super luxury car market in India: Lamborghini CEO & chairmanAt present, India levies GST rate of 28% on automobiles, with additional cess ranging between 1-22%, depending on the type of vehicle. Full...
07 Nov, 2022, 08.16 PM IST
Auto companies find compliance burden heavy: surveyA manufacturing company in the automotive industry must deal with 489 central, state and local-level compliances, the report noted. These f...
31 Oct, 2022, 12.38 AM IST
ACMA calls for long-term stable roadmap to allow for localisation of technologiesSpeaking at the 61st Annual session of the component manufacturers' body, Jain raised concerns about high domestic taxation, increasing fue...
26 Aug, 2021, 11.16 AM IST
Luxury car makers seek reduction in taxes on automobiles in upcoming Budget"Anything which is a deterrent to the demand in the sector we should stay away because at the end that will cause problem," Mercedes-Benz I...
17 Jan, 2021, 11.43 AM IST
High tax on luxury cars restricting market, preventing local assembly of more models: JLR IndiaSuri said the company has a strong product plan already in place and it continues to bring in new models to the country.
21 Jul, 2019, 11.35 AM IST
GST rollout: Distributors of steel relievedGST that was finally implemented from July 1 after a special parliament session at 12 midnight, intends to bring a number of indirect taxes...
01 Jul, 2017, 06.34 PM IST
Companies want their vendors to cut price by 10% due to GST benefitsThe companies have already calculated the exact jump in the vendors' margins and want that they pass it on to them.
09 Mar, 2017, 12.28 AM IST
BS IV implementation, a Tsunami coming towards automobile industry: Abhay Firodia, Force Motors"Technology change, taxation change, growth and it is going to lead to a lot of excitement, lot of opportunities," said Abhay Firodia.
31 Aug, 2016, 01.53 PM IST
I don't think anyone will invest in India based on GST alone: Sanjeev Prasad, Kotak Institutional EquitiesIn an exclusive chat with ET Now, Sanjeev Prasad of Kotak Institutional Equities, says that challenge for India would be more on domestic f...
04 Aug, 2016, 04.38 PM IST
Ind-AS to raise June quarter tax liabilities by 20%India has changed its accounting standards from GAAP to Ind-AS, which is on a par with International Financial Reporting Standards (IFRS), ...
13 Apr, 2016, 04.00 AM IST
Budget 2016: An attempt to enable government’s vision of creating economic opportunities, says Sanjeev PrasadSanjeev Prasad said that the Budget attempts to enable government’s broader vision of creating economic opportunities for all sections of s...
02 Mar, 2016, 05.32 AM IST
- IT tax panel a welcome step; will bring clarity: Nasscom
Software industry body Nasscom has said the govt's decision to set up a panel to look into tax-related issues will help allay concerns of t...
30 Jul, 2012, 07.01 PM IST
- Assocham asks government to reduce taxes on petrol, diesel
In the backdrop of a widespread opposition to sharp increase in fuel price, Assocham asked govt to reduce taxes on petrol & diesel, & shift...
28 May, 2012, 06.24 PM IST
- Plan panel for PAN-like registration Nos for motor vehicles
The Planning Commission has mooted a centralised, IT-based system for vehicle registration with a number similar to PAN card for automobile...
11 Nov, 2007, 03.00 PM IST