Government will unveil its budget for the 2018/19 fiscal year on Thursday, with investors expecting increased investment in key areas such as agriculture, and a slew of incentives for businesses.
Budget for 2018-19 could promote electric vehicles; Centre may lower GST and pass benefits to buyers
The announcement is expected in view of the government's aim to have 100 percent electric vehicles for public mobility by 2030.
Stating that taxes on luxury vehicles in India are among the highest in the world, JLR India President and Managing Director Rohit Suri said this has restricted volumes growth thereby preventing companies from assembling more models here
Ahead of the Budget, automobile industry body SIAM has asked the government to restore incentives given on research and development in the form of weighted tax deduction to the previous level
Domestic passenger vehicle sales rise 5.22% in December; car sales slip but motorcycle sales rise 40.31%
Domestic passenger vehicle sales rose 5.22 percent to 2,39,712 units in December from 2,27,823 units in December 2016
Electric vehicles will bear green number plates; NITI Aayog backs free parking, toll waiver for three years
The draft policy being drawn by NITI proposes free parking and toll waiver scheme for electric vehicles for three years
Commercial vehicle sales have been on an upswing for at least three months now, indicating a slow but sure turnaround in the economy
Nitin Gadkari says India has potential to transform infrastructure with seaplanes, e-highways and electric buses
Clear water bodies dotted with 10,000 seaplanes, 'floating cities' in the form of ocean cruises and electric vehicles zipping on dedicated highway lanes — that's the future as envisioned by Transport Minister Nitin Gadkari
Govt has roped in a consultant to help in formulating an automobile policy, which will consider all technological options, including electric vehicles and hydrogen fuel cells for eco-friendly mobility, says Union minister Anant Geete