Before you choose a car model and visit the car dealer to bring home your favourite car, you should spend some time in analysing some figures and prepare a set of questions if you want to opt for a car loan. It is always good to make informed financial decisions. The saying “Knowledge is more […]
The cabinet has approved the ordinance to increase the cess on luxury cars and sports utility vehicles (SUVs) from 15% to 25%. The ordinance would amend the Schedule to Section 8 of the GST (Compensation to States) Act, 2017, in order to increase the cess and in turn, price of the vehicles. All cars […]
The Goods and Services Tax Council has come to a consensus on raising the cess levied on luxury cars from 15% to 25%. However, the new cess percentage can be implemented only after making an amendment in the GST Compensation Law which can take some time. Cars have been kept in the 28% slab under […]
With India entering the GST regime, a few automobile giants have slashed prices and several more are expected to join in to minimize the transitional effect of the new taxation framework on their sales. This has provided a great opportunity to buyers, who missed out on pre-GST offers. Maruti Suzuki, the biggest player in […]
If you are looking to buy a car, this is the perfect time to bring home your dream vehicle. With GST (Goods and Services Tax) slated to be rolled out from July 1st, 2017, most automobile giants are offering huge “Pre-GST” discounts on a range of car models. Car companies are offering discounts from […]
Goods and Services Tax – the new revolutionary taxation system – is said to restructure the taxation method, making it more uniform across the country. While it is said that GST may bring down the prices of more than 80% of the products, it doesn’t necessarily hold true for the automobile sector. Most of the […]
General Motors (GM) has announced its exit from India by the end of this year, according to a report by Economic Times. The company had been operating in India for more than two decades under the brand name Chevrolet. However, during this span of 21 years, GM could acquire only 1% of the Indian automobile […]
Indian Automobile House, Tata Motors Ltd. (TML), signed a memorandum of understanding (MoU) with the Automobile industry giant, Volkswagen, to develop product components and futuristic vehicle concepts under joint partnership. Skoda Auto AS, on behalf of VW, will work with TML to make this a reality. This partnership has come as a backdrop of results […]
German Sports car makers Porsche and Mercedes Benz have added new entry level models to their segments at half prices as compared to their full feature performance cars. These cars would not give performance required from vehicles made for speed but these cars would be ideal for Indian roads and driving conditions. Porsche’s Macan […]
Honda City, one of the most successful sedans in India, is back! The revamped Honda City has received subtle cosmetic upgrades and has already got the market going. The facelift, which was launched on 14th February, replaces the 4th generation City that was launched in Jan 2014. The new model is touted to give Maruti […]
