Piaggio Vehicles Pvt Ltd (PVPL), announced the launch of the new Porter 700. Targeting the last mile transportation segment in the sub one-tonne category, at the recently held launch event at Mumbai, it was announced that the new Porter 700 replaces the Porter 600. The Porter 700 carry forward’s Piaggio’s signature standards of style, design, performance and technology keeping in[Read More…]
After investing Rs.400 crore in India, Scania, after building a manufacturing plant at Bangalore for trucks and buses, is looking at India as a global sourcing hub for components. The Swedish CV maker is said to employ a two pronged strategy where it will conduct components sourcing for its global operations, and increase the local content on the CVs it[Read More…]
The GST Council has finalised a rate structure of 28 per cent for truck and buses. It is the same as cars, motorcycles, mopeds, personal aircraft and luxury yachts claimed an industry expert. According to an industry source, that smaller buses and vans with a capacity to seat 10 to 13 people will attract 15 per cent cess besides 28[Read More…]
In what is looked upon as an interesting development, Volvo Cars and the Volvo Group are said to have entered into an arrangement to assemble Volvo cars in India at Volvo Group’s CV plant at Hosakote, Bangalore. The arrangement will enable the Swedish luxury car maker to avail of lower duties. The first car, the XC90 SUV, is expected to[Read More…]
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