LUXURY CAR MARKET
Diesel, the once preferred fuel for luxury carmakers in India is taking a backseat as the NCR diesel ban as well as a macro shift towards cleaner fuels is driving OEMs to tweak their product portfolio.
Four Sep, 2017, 11.28PM IST
Audi launches petrol version of Q7 at Rs 67.76 lakh
The Q7 forty TFSI quattro is powered by a two litre petrol engine capable of accelerating from.
Four Sep, 2017, 01.36PM IST
President Kovind promulgates the ordinance to raise GST compensation cess on motor vehicles
The government had to opt for the ordinance rout.
Trio Sep, 2017, 11.21PM IST
No suggest for Fiat Chrysler on the table, says CEO Sergio Marchionne
China’s Good Wall Motor Co Ltd openly said it was interested in FCA, but had not held talks or signed a deal with executives at the Italian-American automaker.
Volvo MD Tom Von Bonsdorff steps down
Mr von Bonsdorff took over as the head of Volvo Auto India in June Two, two thousand fifteen and has been responsible for bolstering the brand’s pic and presence in India.
need2know: Nine macro triggers that should matter for market today
Manufacturing activity in the country rebounded in August with fresh orders and output returning to growth territory
The pirate’s home! Johnny Depp’s luxury Kentucky ranch up for sale
The actor paid $950,000 for the farm in Lexington, Kentucky, back in 1995.
Higher cess under GST may hurt luxury car market
After a dismal spectacle in 2016, luxury-car makers had become upbeat when GST was set at a lower rate compared with the previous tax regime.
Cabinet clears Ordinance to permit hike in GST cess on cars
The Cabinet today gave its nod for hike in cess on mid-size, large cars and SUVs to twenty five per cent from fifteen per cent under the fresh GST regime.
Auto companies fear request slump from higher cess
For manufacturers of larger cars, such as Mercedes Benz, Audi, BMW, Honda Cars & Toyota, the influence is expected to be more pronounced once the revised levy comes into effect.
Hike in cess may hit Mercedes-Benz India hard
The current rate of cess is 15% over GST for the luxury vehicles. Folger said the sales have remained vapid after the implementation of GST due to the confusion over the cess.
Luxury car cess: Ordinance on Cabinet agenda today
The effective tax on mid-size sedans was around 47% and that for luxury cars about 55% in the pre-GST era. On puny cars, the cess is 1-3% on top of the 28% GST.
Lodging inheritance cases of godmen has never been effortless
With Dera Sacha Sauda chief incarcerated for twenty years, speculations on his successor are doing the rounds among his followers at Sirsa headquarters.
Hyundai seeks clarity on definition of luxury cars
Under the current GST rates, the company’s models such as all fresh versions of its sedans Verna and Elantra attract the same rate as luxury models from BMW, Mercedes and Audi.
Chinese students, expats are now flexing muscle over Doklam in Australia
Chinese students voiced outrage over the University of Sydney professor’s use of a map showcasing Chinese-claimed territory as part of India.