Govt to impose Rs 12,000 levy on purchase of new petrol, diesel cars in a bid to promote use of electric vehicles
With an aim to boost production of electric vehicles (EVs) in the country, the ministry has also suggested defining semi knocked down and completely knocked down kits used for assembling EVs for streamlining of customs duty.
Auto Expo: Maruti Suzuki displays 'e-SURVIVOR' as auto makers showcase future electric transport solutions
On Wednesday, 22 exhibitors unveiled over 65 products and launched 14 new offerings at Auto Expo
Automobile manufacturers today termed the RBI's decision to reduce interest by 25 basis points as "too little, too late" although they hoped that it would lead to softening of lending rates in future.
Indian tax officials have opened up a new front in their battle to increase revenue collected from companies, targeting manufacturing firms that slash prices below cost in order to sell slow-moving inventory.